Clear Point Advisors Inc. Sells 331 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Clear Point Advisors Inc. trimmed its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,878 shares of the company’s stock after selling 331 shares during the period. Clear Point Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $577,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 572.4% during the 2nd quarter. Bank of Montreal Can now owns 250,380 shares of the company’s stock worth $21,142,000 after buying an additional 213,145 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.6% during the second quarter. Evergreen Capital Management LLC now owns 88,820 shares of the company’s stock valued at $7,457,000 after acquiring an additional 5,506 shares during the period. Commonwealth Financial Services LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $219,000. Delos Wealth Advisors LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 30.8% in the second quarter. Delos Wealth Advisors LLC now owns 24,190 shares of the company’s stock worth $2,031,000 after purchasing an additional 5,702 shares during the period. Finally, Mount Yale Investment Advisors LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 9.0% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 18,871 shares of the company’s stock worth $1,584,000 after purchasing an additional 1,565 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.2 %

iShares MSCI USA Min Vol Factor ETF stock opened at $91.47 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The company’s 50-day moving average is $88.76 and its two-hundred day moving average is $84.88. The company has a market cap of $26.80 billion, a PE 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.