Congress Wealth Management LLC DE Lowers Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Congress Wealth Management LLC DE cut its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,930 shares of the company’s stock after selling 353 shares during the quarter. Congress Wealth Management LLC DE’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $527,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. VSM Wealth Advisory LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth $27,000. Stonebridge Financial Group LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $28,000. AlphaMark Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $30,000. Valued Wealth Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $30,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 65.0% during the 4th quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $32,000 after acquiring an additional 143 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 4.6 %

Shares of USMV stock opened at $92.75 on Friday. The company has a 50 day moving average price of $92.67 and a 200-day moving average price of $91.75. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $79.69 and a 52 week high of $95.12. The firm has a market capitalization of $24.21 billion, a PE ratio of 24.03 and a beta of 0.77.

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.