Essex Financial Services Inc. Reduces Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Essex Financial Services Inc. lowered its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 72,120 shares of the company’s stock after selling 1,227 shares during the quarter. Essex Financial Services Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,404,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 1.1% during the third quarter. Brighton Jones LLC now owns 9,999 shares of the company’s stock worth $913,000 after buying an additional 111 shares during the period. Anchor Investment Management LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 6.0% during the third quarter. Anchor Investment Management LLC now owns 1,983 shares of the company’s stock worth $181,000 after acquiring an additional 112 shares during the last quarter. Sensible Money LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.4% in the 3rd quarter. Sensible Money LLC now owns 8,727 shares of the company’s stock valued at $797,000 after acquiring an additional 121 shares during the period. Asset Dedication LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 1.5% in the 3rd quarter. Asset Dedication LLC now owns 8,377 shares of the company’s stock valued at $765,000 after purchasing an additional 121 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 4.8% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 2,663 shares of the company’s stock valued at $244,000 after purchasing an additional 123 shares during the last quarter.

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. The company has a market capitalization of $27.27 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The company’s fifty day moving average is $90.76 and its two-hundred day moving average is $90.66.

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.