Miracle Mile Advisors LLC Lowers Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Miracle Mile Advisors LLC decreased its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 25.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,590 shares of the company’s stock after selling 7,903 shares during the quarter. Miracle Mile Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,063,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James & Associates raised its holdings in iShares MSCI USA Min Vol Factor ETF by 0.9% in the second quarter. Raymond James & Associates now owns 16,095,735 shares of the company’s stock valued at $1,351,398,000 after acquiring an additional 146,632 shares in the last quarter. Alaska Permanent Fund Corp raised its holdings in iShares MSCI USA Min Vol Factor ETF by 4.4% in the first quarter. Alaska Permanent Fund Corp now owns 3,947,820 shares of the company’s stock valued at $329,959,000 after acquiring an additional 167,538 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 5.2% in the second quarter. Catalyst Capital Advisors LLC now owns 3,658,707 shares of the company’s stock valued at $307,185,000 after acquiring an additional 182,050 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 1.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,202,043 shares of the company’s stock valued at $268,843,000 after acquiring an additional 31,625 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in iShares MSCI USA Min Vol Factor ETF by 270.9% in the first quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock valued at $158,465,000 after acquiring an additional 1,384,833 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Down 1.1 %

USMV stock opened at $90.11 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The company’s 50 day moving average is $89.64 and its two-hundred day moving average is $85.40. The stock has a market cap of $26.40 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.