Physician Wealth Advisors Inc. Trims Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Physician Wealth Advisors Inc. decreased its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,809 shares of the company’s stock after selling 132 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in USMV. Headlands Technologies LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $30,000. Gleason Group Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $32,000. Hantz Financial Services Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $33,000. Strategic Financial Concepts LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth approximately $35,000. Finally, Naples Money Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the first quarter worth approximately $41,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.5 %

Shares of USMV opened at $92.70 on Thursday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45. The company’s fifty day moving average is $90.43 and its two-hundred day moving average is $85.82. The firm has a market cap of $27.16 billion, a PE ratio of 25.30 and a beta of 0.59.

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.