L. Roy Papp & Associates LLP Sells 563 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

L. Roy Papp & Associates LLP cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,914 shares of the company’s stock after selling 563 shares during the period. L. Roy Papp & Associates LLP’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,932,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in USMV. Cetera Investment Advisers grew its holdings in shares of 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 worth $158,465,000 after purchasing an additional 1,384,833 shares during the last quarter. Dynasty Wealth Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth about $83,046,000. Carrera Capital Advisors bought a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth about $33,148,000. Symmetry Partners LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 75.6% during the 2nd quarter. Symmetry Partners LLC now owns 769,232 shares of the company’s stock worth $64,585,000 after acquiring an additional 331,096 shares in the last quarter. Finally, Granite Bay Wealth Management LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 5,487.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 331,843 shares of the company’s stock worth $27,303,000 after acquiring an additional 325,904 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

iShares MSCI USA Min Vol Factor ETF stock traded down $0.57 during midday trading on Friday, hitting $91.00. 1,034,956 shares of the company’s stock were exchanged. 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 50-day moving average of $91.06 and a two-hundred day moving average of $86.29. The company has a market cap of $26.66 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.