iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Sold by Ironwood Wealth Management Inc.

Ironwood Wealth Management Inc. lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 29.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 141,380 shares of the company’s stock after selling 59,951 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up approximately 6.3% of Ironwood Wealth Management Inc.’s holdings, making the stock its 8th biggest holding. Ironwood Wealth Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $12,880,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sage Capital Advisors llc raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.4% during the second quarter. Sage Capital Advisors llc now owns 5,331 shares of the company’s stock worth $448,000 after acquiring an additional 123 shares during the last quarter. Independence Bank of Kentucky lifted its position in iShares MSCI USA Min Vol Factor ETF by 2.4% during the 2nd 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 period. New World Advisors LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 3.9% in the 2nd quarter. New World Advisors LLC now owns 3,447 shares of the company’s stock valued at $289,000 after purchasing an additional 130 shares during the last quarter. GW Henssler & Associates Ltd. lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 1.3% in the first quarter. GW Henssler & Associates Ltd. now owns 10,850 shares of the company’s stock valued at $907,000 after buying an additional 135 shares during the period. Finally, Mosley Wealth Management boosted its stake in iShares MSCI USA Min Vol Factor ETF by 2.1% in the second quarter. Mosley Wealth Management now owns 10,839 shares of the company’s stock valued at $910,000 after acquiring an additional 223 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV opened at $90.11 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45. The firm has a market capitalization of $26.40 billion, a PE ratio of 25.30 and a beta of 0.59. The company has a fifty day moving average price of $89.64 and a two-hundred day moving average price of $85.40.

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.