Summit Investment Advisory Services LLC Lowers Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Summit Investment Advisory Services LLC lessened its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.3% during the 4th quarter, Holdings Channel reports. The firm owned 25,165 shares of the company’s stock after selling 1,705 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises about 1.2% of Summit Investment Advisory Services LLC’s portfolio, making the stock its 14th biggest holding. Summit Investment Advisory Services LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,234,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Carrera Capital Advisors purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth about $33,148,000. LPL Financial LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after acquiring an additional 346,414 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $18,422,000. Bank of Montreal Can raised its holdings in shares of 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 acquiring an additional 213,145 shares in the last quarter. Finally, Magnolia Capital Advisors LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 867.8% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 219,897 shares of the company’s stock valued at $18,463,000 after acquiring an additional 197,175 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $90.97 on Friday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45. The company’s fifty day moving average is $90.96 and its 200 day moving average is $90.17. The stock has a market capitalization of $26.65 billion, a PE ratio of 25.30 and a beta of 0.59.

iShares MSCI USA Min Vol Factor ETF Company Profile

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.