Legacy Financial Advisors Inc. Reduces Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Legacy Financial Advisors Inc. reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,207 shares of the company’s stock after selling 9,912 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 1.1% of Legacy Financial Advisors Inc.’s portfolio, making the stock its 18th biggest holding. Legacy Financial Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,678,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. VSM Wealth Advisory LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $27,000. Howe & Rusling Inc. raised its stake in iShares MSCI USA Min Vol Factor ETF by 94.2% in the fourth quarter. Howe & Rusling Inc. now owns 301 shares of the company’s stock valued at $27,000 after buying an additional 146 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $28,000. AlphaMark Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $30,000. Finally, Valued Wealth Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $30,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.8 %

BATS:USMV opened at $89.37 on Thursday. The company has a market capitalization of $22.89 billion, a P/E ratio of 24.22 and a beta of 0.74. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $79.69 and a 52 week high of $95.12. The stock’s fifty day moving average is $92.35 and its two-hundred day moving average is $91.65.

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.