Magnus Financial Group LLC Sells 1,946 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Magnus Financial Group LLC decreased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 43.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,513 shares of the company’s stock after selling 1,946 shares during the quarter. Magnus Financial Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $211,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of USMV. Gleason Group Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth approximately $32,000. Hantz Financial Services Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $33,000. Naples Money Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter worth $41,000. Gradient Investments LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 49,700.0% during the second quarter. Gradient Investments LLC now owns 498 shares of the company’s stock worth $42,000 after acquiring an additional 497 shares during the period. Finally, Family Firm Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $44,000.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.5 %

Shares of BATS:USMV opened at $90.83 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The company’s 50 day moving average price is $86.85 and its two-hundred day moving average price is $83.89. The firm has a market cap of $26.61 billion, a PE ratio of 25.30 and a beta of 0.59.

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.