Sequoia Financial Advisors LLC Sells 924 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Sequoia Financial Advisors LLC reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 16.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,654 shares of the company’s stock after selling 924 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $425,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in USMV. Asset Dedication LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% during the third quarter. Asset Dedication LLC now owns 8,377 shares of the company’s stock worth $765,000 after buying an additional 121 shares during the period. Sensible Money LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 1.4% during the 3rd quarter. Sensible Money LLC now owns 8,727 shares of the company’s stock worth $797,000 after acquiring an additional 121 shares during the last quarter. Sage Capital Advisors llc grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.4% during the 2nd quarter. Sage Capital Advisors llc now owns 5,331 shares of the company’s stock worth $448,000 after acquiring an additional 123 shares in the last quarter. Foster Victor Wealth Advisors LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 4.8% in the third quarter. Foster Victor Wealth Advisors LLC now owns 2,663 shares of the company’s stock valued at $244,000 after purchasing an additional 123 shares during the last quarter. Finally, Independence Bank of Kentucky raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.4% in the second quarter. Independence Bank of Kentucky now owns 5,252 shares of the company’s stock valued at $441,000 after purchasing an additional 125 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.6 %

Shares of USMV opened at $91.00 on Monday. The stock has a market capitalization of $26.66 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month high of $55.45. The firm has a fifty day simple moving average of $91.06 and a 200 day simple moving average of $86.29.

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.