Avidian Wealth Enterprises LLC Sells 166,312 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Avidian Wealth Enterprises LLC cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 95.8% during the 4th quarter, HoldingsChannel reports. The fund owned 7,333 shares of the company’s stock after selling 166,312 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $651,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. L. Roy Papp & Associates LLP grew its position in iShares MSCI USA Min Vol Factor ETF by 5.7% during the fourth quarter. L. Roy Papp & Associates LLP now owns 80,264 shares of the company’s stock worth $7,127,000 after buying an additional 4,350 shares in the last quarter. Leavell Investment Management Inc. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 40.0% during the 4th quarter. Leavell Investment Management Inc. now owns 4,709 shares of the company’s stock worth $418,000 after purchasing an additional 1,345 shares in the last quarter. Quent Capital LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 96.3% during the 4th quarter. Quent Capital LLC now owns 632 shares of the company’s stock worth $56,000 after purchasing an additional 310 shares in the last quarter. Sovran Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $670,000. Finally, Stonebridge Financial Group LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $28,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 4.8 %

USMV opened at $92.88 on Thursday. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The stock has a market capitalization of $27.21 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The company has a 50-day simple moving average of $90.73 and a 200 day simple moving average of $90.77.

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.