Axxcess Wealth Management LLC Sells 5,823 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Axxcess Wealth Management LLC lowered its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 76,212 shares of the company’s stock after selling 5,823 shares during the period. Axxcess Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,767,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Stonebridge Financial Group LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $28,000. AlphaMark Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $30,000. Valued Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $30,000. Sound Income Strategies LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 65.0% during the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock worth $32,000 after acquiring an additional 143 shares during the period. Finally, Crews Bank & Trust bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $46,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.2 %

BATS USMV opened at $93.26 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $79.69 and a 1-year high of $95.12. The company has a market cap of $24.34 billion, a price-to-earnings ratio of 24.03 and a beta of 0.77. The company has a 50 day moving average of $91.95 and a 200-day moving average of $91.62.

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.