ProVise Management Group LLC Has $829,000 Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

ProVise Management Group LLC lowered its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,879 shares of the company’s stock after selling 765 shares during the period. ProVise Management Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $829,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Raymond James & Associates grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% during the 2nd quarter. Raymond James & Associates now owns 16,095,735 shares of the company’s stock worth $1,351,398,000 after buying an additional 146,632 shares during the period. Alaska Permanent Fund Corp boosted its stake in iShares MSCI USA Min Vol Factor ETF by 4.4% during the first quarter. Alaska Permanent Fund Corp now owns 3,947,820 shares of the company’s stock worth $329,959,000 after acquiring an additional 167,538 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 5.2% in the second quarter. Catalyst Capital Advisors LLC now owns 3,658,707 shares of the company’s stock worth $307,185,000 after purchasing an additional 182,050 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 1.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,202,043 shares of the company’s stock valued at $268,843,000 after purchasing an additional 31,625 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 270.9% during the first quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock valued at $158,465,000 after purchasing an additional 1,384,833 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS USMV opened at $91.28 on Friday. The company has a 50-day moving average price of $88.43 and a 200-day moving average price of $84.64. The stock has a market capitalization of $26.75 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45.

iShares MSCI USA Min Vol Factor ETF 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.