Summit Financial LLC Cuts Stake in iShares MSCI Global Min Vol Factor ETF (BATS:ACWV)

Summit Financial LLC cut its stake in shares of iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) by 24.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 19,306 shares of the company’s stock after selling 6,112 shares during the period. Summit Financial LLC’s holdings in iShares MSCI Global Min Vol Factor ETF were worth $2,108,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ACWV. Wilmington Savings Fund Society FSB purchased a new stake in iShares MSCI Global Min Vol Factor ETF during the 3rd quarter valued at about $77,000. Modus Advisors LLC bought a new position in shares of iShares MSCI Global Min Vol Factor ETF in the fourth quarter worth approximately $52,000. AdvisorNet Financial Inc grew its holdings in shares of iShares MSCI Global Min Vol Factor ETF by 52.5% during the fourth quarter. AdvisorNet Financial Inc now owns 1,388 shares of the company’s stock valued at $152,000 after buying an additional 478 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of iShares MSCI Global Min Vol Factor ETF by 55.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,403 shares of the company’s stock valued at $1,573,000 after acquiring an additional 5,134 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in iShares MSCI Global Min Vol Factor ETF by 3,148.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,462 shares of the company’s stock worth $160,000 after acquiring an additional 1,417 shares during the last quarter.

iShares MSCI Global Min Vol Factor ETF Trading Up 7.7 %

ACWV stock opened at $116.47 on Tuesday. The stock’s 50 day simple moving average is $113.97 and its 200 day simple moving average is $113.12. iShares MSCI Global Min Vol Factor ETF has a 12-month low of $100.89 and a 12-month high of $116.68. The stock has a market capitalization of $3.40 billion, a PE ratio of 19.50 and a beta of 0.63.

iShares MSCI Global Min Vol Factor ETF Profile

The iShares MSCI Global Min Vol Factor ETF (ACWV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap global stocks selected and weighted to create a low volatility portfolio. ACWV was launched on Oct 18, 2011 and is managed by BlackRock.