New England Private Wealth Advisors LLC Trims Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

New England Private Wealth Advisors LLC lessened its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,351 shares of the company’s stock after selling 5,031 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises 1.4% of New England Private Wealth Advisors LLC’s portfolio, making the stock its 21st largest holding. New England Private Wealth Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,831,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in USMV. Keener Financial Planning LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $26,000. Horrell Capital Management Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $27,000. Global Trust Asset Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $27,000. M&R Capital Management Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $34,000. Finally, Sandy Spring Bank lifted its position in iShares MSCI USA Min Vol Factor ETF by 484.0% in the 3rd quarter. Sandy Spring Bank now owns 584 shares of the company’s stock worth $42,000 after buying an additional 484 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV traded down $0.31 during mid-day trading on Friday, reaching $80.91. The stock had a trading volume of 2,421,659 shares. The firm has a 50 day moving average price of $81.80 and a two-hundred day moving average price of $78.41. The stock has a market capitalization of $23.66 billion, a P/E ratio of 25.31 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45.

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.