iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Saxon Interests Inc.

Saxon Interests Inc. cut its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 53.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,662 shares of the company’s stock after selling 19,979 shares during the quarter. Saxon Interests Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of USMV. Avion Wealth boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% in the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after purchasing an additional 143 shares during the period. Chapman Financial Group LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $29,000. Manning & Napier Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth $30,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth about $35,000. Finally, Phillips Financial Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $46,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 7.7%

iShares MSCI USA Min Vol Factor ETF stock opened at $95.50 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $83.99 and a 1-year high of $95.12. The firm’s fifty day simple moving average is $94.38 and its 200-day simple moving average is $94.02. The company has a market capitalization of $24.37 billion, a P/E ratio of 22.90 and a beta of 0.72.

iShares MSCI USA Min Vol Factor ETF Profile

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.