iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 17.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 213,303 shares of the company’s stock after selling 46,657 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 0.07% of iShares MSCI USA Min Vol Factor ETF worth $18,939,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Choate Investment Advisors raised its stake in iShares MSCI USA Min Vol Factor ETF by 0.5% in the fourth quarter. Choate Investment Advisors now owns 60,973 shares of the company’s stock valued at $5,414,000 after buying an additional 276 shares in the last quarter. HMV Wealth Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth about $250,000. DecisionMap Wealth Management LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $1,947,000. Vestcor Inc boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 43.3% in the fourth quarter. Vestcor Inc now owns 17,610 shares of the company’s stock valued at $1,564,000 after purchasing an additional 5,320 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in iShares MSCI USA Min Vol Factor ETF by 1.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 230,042 shares of the company’s stock valued at $20,425,000 after purchasing an additional 2,804 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 3.9 %

USMV stock opened at $92.09 on Monday. The stock 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 twelve month low of $47.44 and a twelve month high of $55.45. The company’s 50 day moving average is $91.87 and its two-hundred day moving average is $91.61.

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.