iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Position Cut by Centurion Wealth Management LLC

Centurion Wealth Management LLC trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,078 shares of the company’s stock after selling 1,778 shares during the quarter. Centurion Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,049,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in USMV. Stonebridge Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $28,000. AlphaMark Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $30,000. Valued Wealth Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $30,000. Sound Income Strategies LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 65.0% during the 4th quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $32,000 after purchasing an additional 143 shares in the last quarter. Finally, Crews Bank & Trust bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $46,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV opened at $92.09 on Friday. The stock has a fifty day moving average price of $91.87 and a two-hundred day moving average price of $91.60. The firm has a market cap of $24.04 billion, a P/E ratio of 24.03 and a beta of 0.77. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45.

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.