Insight Wealth Strategies LLC Cuts Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Insight Wealth Strategies LLC lessened its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.7% in the third quarter, Holdings Channel reports. The firm owned 128,838 shares of the company’s stock after selling 10,804 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for 1.4% of Insight Wealth Strategies LLC’s investment portfolio, making the stock its 19th largest holding. Insight Wealth Strategies LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $12,258,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in USMV. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter worth about $130,668,000. Ameriprise Financial Inc. boosted its stake in iShares MSCI USA Min Vol Factor ETF by 18.5% in the second quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock valued at $271,634,000 after acquiring an additional 452,184 shares during the last quarter. Cetera Investment Advisers boosted its stake in iShares MSCI USA Min Vol Factor ETF by 26.3% in the second quarter. Cetera Investment Advisers now owns 2,142,277 shares of the company’s stock valued at $201,096,000 after acquiring an additional 445,896 shares during the last quarter. Truist Financial Corp grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 147.7% during the 2nd quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock valued at $68,678,000 after acquiring an additional 436,281 shares during the period. Finally, Portfolio Design Labs LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $34,671,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 6.9%

BATS:USMV opened at $94.78 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12. The firm’s 50 day moving average is $94.08 and its 200 day moving average is $93.74. The stock has a market capitalization of $24.19 billion, a PE ratio of 22.90 and a beta of 0.72.

About iShares MSCI USA Min Vol Factor ETF

The iShares MSCI USA Min Vol Factor ETF (USMV) is an exchange-traded fund that is based on the MSCI USA Minimum Volatility (USD) index. The fund tracks an index of US-listed firms selected and weighted to create a low-volatility portfolio subject to various constraints. USMV was launched on Oct 18, 2011 and is managed by BlackRock.