Bernardo Wealth Planning LLC Reduces Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Bernardo Wealth Planning LLC reduced its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 22.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 21,404 shares of the company’s stock after selling 6,059 shares during the period. Bernardo Wealth Planning LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,987,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of USMV. Headlands Technologies LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth approximately $30,000. Flagstar Advisors Inc. grew its holdings in iShares MSCI USA Min Vol Factor ETF by 9.2% during the 1st quarter. Flagstar Advisors Inc. now owns 6,211 shares of the company’s stock worth $519,000 after acquiring an additional 524 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 36.5% in the 2nd quarter. QRG Capital Management Inc. now owns 4,752 shares of the company’s stock worth $399,000 after purchasing an additional 1,270 shares during the last quarter. Capstone Investment Advisors LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 38.4% in the 1st quarter. Capstone Investment Advisors LLC now owns 860,729 shares of the company’s stock valued at $71,940,000 after purchasing an additional 238,700 shares in the last quarter. Finally, Banco Santander S.A. lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.2% during the second quarter. Banco Santander S.A. now owns 99,199 shares of the company’s stock worth $8,329,000 after purchasing an additional 1,200 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV opened at $92.87 on Friday. The stock has a 50-day simple moving average of $90.67 and a 200 day simple moving average of $85.96. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The company has a market capitalization of $27.21 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

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.