iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Summit Wealth Partners LLC

Summit Wealth Partners LLC lowered its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,452 shares of the company’s stock after selling 6,242 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up about 2.7% of Summit Wealth Partners LLC’s investment portfolio, making the stock its 8th biggest position. Summit Wealth Partners LLC owned approximately 0.07% of iShares MSCI USA Min Vol Factor ETF worth $16,921,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Sweeney & Michel LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.3% in the first quarter. Sweeney & Michel LLC now owns 20,332 shares of the company’s stock valued at $1,901,000 after buying an additional 1,018 shares in the last quarter. Brookstone Capital Management grew its stake in iShares MSCI USA Min Vol Factor ETF by 4.6% in the 1st quarter. Brookstone Capital Management now owns 893,614 shares of the company’s stock valued at $82,874,000 after acquiring an additional 39,266 shares during the last quarter. Montecito Bank & Trust increased its holdings in iShares MSCI USA Min Vol Factor ETF by 2.2% during the 1st quarter. Montecito Bank & Trust now owns 47,873 shares of the company’s stock valued at $4,440,000 after acquiring an additional 1,047 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the first quarter worth about $204,000. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.3% in the first quarter. Nations Financial Group Inc. IA ADV now owns 122,252 shares of the company’s stock valued at $11,338,000 after purchasing an additional 326 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV stock opened at $94.28 on Tuesday. The company’s 50 day simple moving average is $95.05 and its 200-day simple moving average is $94.85. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $91.02 and a 12 month high of $98.07. The firm has a market capitalization of $24.06 billion, a PE ratio of 22.90 and a beta of 0.72.

iShares MSCI USA Min Vol Factor ETF Company 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.