Skyline Advisors Inc. Sells 308 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Skyline Advisors Inc. lessened its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,293 shares of the company’s stock after selling 308 shares during the quarter. Skyline Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $359,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of USMV. Keener Financial Planning LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $26,000. Horrell Capital Management Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $27,000. Global Trust Asset Management LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $27,000. M&R Capital Management Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $34,000. Finally, SYM FINANCIAL Corp raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 232.9% in the fourth quarter. SYM FINANCIAL Corp now owns 486 shares of the company’s stock valued at $38,000 after acquiring an additional 340 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV traded down $0.09 on Monday, hitting $83.96. The company’s stock had a trading volume of 1,716,180 shares. The company has a 50 day moving average price of $82.73 and a 200 day moving average price of $81.20. 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 has a market capitalization of $24.60 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.