Miracle Mile Advisors LLC has decreased its holdings in the iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 29.8% during the third quarter of 2023. According to the firm’s latest filing with the Securities and Exchange Commission (SEC), the company owned 25,784 shares after selling 10,926 shares during this period. The value of Miracle Mile Advisors’ remaining shares in the ETF is approximately $2,453,000.
The decrease in holdings comes as several hedge funds have recently adjusted their positions in the iShares MSCI USA Min Vol Factor ETF. For instance, ROSS JOHNSON & Associates LLC initiated a new position in the ETF in the first quarter, valued at around $28,000.
During the second quarter, Avion Wealth increased its stake in the ETF by 88.8%, now owning 304 shares worth approximately $28,000 after acquiring an additional 143 shares. Chapman Financial Group LLC and Flaharty Asset Management LLC also entered the ETF market, purchasing new positions worth about $29,000 and $30,000, respectively. Phillips Financial Management LLC acquired a stake valued at around $46,000 during the same quarter.
Market Performance of iShares MSCI USA Min Vol Factor ETF
As of the latest trading session, the iShares MSCI USA Min Vol Factor ETF opened at $93.66. The ETF has seen fluctuations over the past year, with a low of $83.99 and a high of $95.12. The fund currently boasts a market capitalization of $23.90 billion, a price-to-earnings (P/E) ratio of 22.90, and a beta of 0.72. Its 50-day simple moving average stands at $94.07, while the 200-day simple moving average is at $93.84.
About the iShares MSCI USA Min Vol Factor ETF
The iShares MSCI USA Min Vol Factor ETF, launched on October 18, 2011, is an exchange-traded fund managed by BlackRock. It tracks the MSCI USA Minimum Volatility (USD) Index, which selects and weights US-listed companies to create a low-volatility portfolio. This strategy aims to provide investors with a more stable investment option in the equity market.
For those interested in the latest positions of hedge funds in the iShares MSCI USA Min Vol Factor ETF, detailed information is available through platforms that track 13F filings and insider trades.
