Essex Financial Services Inc. Sells 746 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Essex Financial Services Inc. cut its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 77,207 shares of the company’s stock after selling 746 shares during the quarter. Essex Financial Services Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,025,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in USMV. SVB Wealth LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 29.8% in the third quarter. SVB Wealth LLC now owns 8,144 shares of the company’s stock worth $589,000 after acquiring an additional 1,868 shares during the period. Mission Wealth Management LP raised its holdings in iShares MSCI USA Min Vol Factor ETF by 8.7% during the 3rd quarter. Mission Wealth Management LP now owns 5,598 shares of the company’s stock worth $405,000 after purchasing an additional 448 shares during the last quarter. Raymond James & Associates lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.3% in the 3rd quarter. Raymond James & Associates now owns 15,958,794 shares of the company’s stock worth $1,155,097,000 after purchasing an additional 48,389 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,802,286 shares of the company’s stock valued at $347,589,000 after purchasing an additional 126,963 shares during the last quarter. Finally, Arlington Partners LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 2,764.0% during the third quarter. Arlington Partners LLC now owns 9,394 shares of the company’s stock worth $680,000 after buying an additional 9,066 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS USMV traded down $0.83 during mid-day trading on Wednesday, reaching $80.45. 2,320,662 shares of the stock were exchanged. The stock has a market cap of $23.57 billion, a P/E ratio of 25.30 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. The stock has a 50 day simple moving average of $81.82 and a 200-day simple moving average of $78.60.

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.