Ergawealth Advisors Inc. Lowers Position in iShares MSCI USA Min Vol Factor ETF $USMV

Ergawealth Advisors Inc. decreased its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,916 shares of the company’s stock after selling 109 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for approximately 0.8% of Ergawealth Advisors Inc.’s portfolio, making the stock its 22nd largest position. Ergawealth Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,682,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of USMV. Compass Wealth Management LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 82.0% in the 1st quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock worth $26,000 after buying an additional 123 shares in the last quarter. ROSS JOHNSON & Associates LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the first quarter worth $28,000. Columbia River Financial Group LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the first quarter worth $30,000. Flaharty Asset Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the first quarter valued at $30,000. Finally, LRI Investments LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the first quarter valued at about $33,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 7.3%

Shares of USMV stock opened at $95.14 on Friday. The business has a 50-day moving average price of $93.82 and a two-hundred day moving average price of $92.80. 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 has a market cap of $24.28 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.