In a significant move, Trademark Financial Management LLC reduced its stake in the iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 87.5% during the third quarter of 2023. The firm sold 26,573 shares, leaving it with 3,788 shares in total, valued at approximately $360,000 as reported in its latest filing with the Securities and Exchange Commission.
Several other investment firms have also adjusted their positions in the iShares ETF. ROSS JOHNSON & Associates LLC initiated a new stake valued at $28,000 in the first quarter. Meanwhile, Avion Wealth increased its holdings by 88.8% in the second quarter, now owning 304 shares worth around $28,000 after acquiring an additional 143 shares. Additionally, Chapman Financial Group LLC and Flaharty Asset Management LLC both bought new stakes valued at $29,000 and $30,000, respectively, during the second and first quarters of the year. Lastly, Phillips Financial Management LLC also entered the market with a stake worth approximately $46,000 in the second quarter.
Current Performance of iShares MSCI USA Min Vol Factor ETF
As of Monday, the iShares MSCI USA Min Vol Factor ETF opened at $95.10. The ETF has experienced a 52-week low of $83.99 and a high of $95.12. The fund currently boasts a market capitalization of $24.27 billion, a price-to-earnings ratio of 22.90, and a beta of 0.72. Its 50-day simple moving average stands at $94.09, while the 200-day average is at $93.80.
The iShares MSCI USA Min Vol Factor ETF, launched on October 18, 2011, is managed by BlackRock. It is designed to track the MSCI USA Minimum Volatility (USD) Index, which selects and weights US-listed companies to create a low-volatility investment portfolio.
Investors interested in the latest movements and holdings within the iShares MSCI USA Min Vol Factor ETF can visit HoldingsChannel.com for updated 13F filings and insider trading information.
