Gladstone Institutional Advisory LLC Sells 4,940 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Gladstone Institutional Advisory LLC decreased its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,384 shares of the company’s stock after selling 4,940 shares during the period. Gladstone Institutional Advisory LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $8,618,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in USMV. Focus Financial Network Inc. grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.0% during the 3rd quarter. Focus Financial Network Inc. now owns 45,325 shares of the company’s stock worth $4,139,000 after buying an additional 449 shares during the period. Goldstone Financial Group LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at $1,361,000. Voisard Asset Management Group Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter valued at about $363,000. Financial Advocates Investment Management boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 43.2% during the 3rd quarter. Financial Advocates Investment Management now owns 87,309 shares of the company’s stock worth $7,974,000 after purchasing an additional 26,322 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 13.0% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,892 shares of the company’s stock valued at $355,000 after buying an additional 449 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.7 %

USMV stock traded down $0.65 during trading on Friday, reaching $89.99. 1,595,231 shares of the stock were exchanged. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The firm’s 50 day moving average is $91.15 and its 200 day moving average is $86.52. The firm has a market cap of $26.37 billion, a P/E 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.