Soltis Investment Advisors LLC Sells 217 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Soltis Investment Advisors LLC reduced its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.3% during the fourth quarter, Holdings Channel reports. The fund owned 9,235 shares of the company’s stock after selling 217 shares during the period. Soltis Investment Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $820,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in USMV. Lockheed Martin Investment Management Co. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $62,801,000. LPL Financial LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% in the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after purchasing an additional 346,414 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $16,911,000. World Investment Advisors LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 343.1% in the third quarter. World Investment Advisors LLC now owns 224,878 shares of the company’s stock worth $20,534,000 after purchasing an additional 174,130 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth approximately $15,482,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $93.08 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45. The stock has a market capitalization of $27.27 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The company’s 50 day moving average price is $90.76 and its 200-day moving average price is $90.66.

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.