Rehmann Capital Advisory Group Has $24.84 Million Position in iShares MSCI USA Min Vol Factor ETF $USMV

Rehmann Capital Advisory Group trimmed its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 21.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,439 shares of the company’s stock after selling 71,116 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for 1.0% of Rehmann Capital Advisory Group’s holdings, making the stock its 17th biggest holding. Rehmann Capital Advisory Group owned 0.10% of iShares MSCI USA Min Vol Factor ETF worth $24,841,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of USMV. Advocacy Wealth Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $9,511,000. M Holdings Securities Inc. grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.3% during the 2nd quarter. M Holdings Securities Inc. now owns 48,793 shares of the company’s stock worth $4,570,000 after purchasing an additional 2,470 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $1,963,000. Compass Financial Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $84,000. Finally, Trust Co. of Vermont acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth approximately $387,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $101.52 on Tuesday. The firm has a market cap of $25.91 billion, a PE ratio of 22.90 and a beta of 0.72. The stock’s fifty day moving average price is $98.58 and its two-hundred day moving average price is $96.24. iShares MSCI USA Min Vol Factor ETF has a one year low of $91.02 and a one year high of $102.21.

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.