B. Riley Financial’s iShares MSCI USA Min Vol Factor ETF USMV Stock Holding History

B. Riley Financial’s Portfolio USMV Stock Details USMV Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-15,325	Closed	-$874K	–	187
2018 Q3	$874K	Sell	15,325 -577	-4%	-$32.2K	0.25%	67
2018 Q2	$845K	Hold	15,902	–	–	0.22%	85
2018 Q1	$826K	Sell	15,902 -2,279	-13%	-$121K	0.23%	105
2017 Q4	$960K	Sell	18,181 -3,088	-15%	-$160K	0.25%	105
2017 Q3	$1.07M	Hold	21,269	–	–	0.29%	92
2017 Q2	$1.04M	Hold	21,269	–	–	0.28%	86
2017 Q1	$1.01M	Hold	21,269	–	–	0.51%	48
2016 Q4	$962K	Buy	21,269 +1,571	+8%	+$70.1K	0.64%	45
2016 Q3	$895K	Sell	19,698 -769	-4%	-$35.6K	0.57%	39
2016 Q2	$946K	Buy	20,467 +1,115	+6%	+$49.5K	0.55%	40
2016 Q1	$850K	Buy	19,352 +2,435	+14%	+$101K	0.62%	39
2015 Q4	$707K	Buy	+16,917	New	+$705K	0.51%	46

Other funds holding USMV

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

RJA

Raymond James & Associates St Petersburg, Florida $164B AUM 33.91% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $374B AUM 17.66% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $116B AUM 26.37% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $432B AUM 30.22% 1-Year Est. Return

B. Riley Financial's USMV Position: Q4 2018 in Review

B. Riley Financial sold out of iShares MSCI USA Min Vol Factor ETF (USMV) in Q4 2018, closing a stake of 15,325 shares — an estimated $874K sold.

B. Riley Financial first reported a position in USMV in Q4 2015 and held it in 12 quarters. The position peaked at $1.07M in Q3 2017. 612 funds tracked by Wall St. Rank hold USMV as of Q4 2018.

B. Riley Financial reported no remaining iShares MSCI USA Min Vol Factor ETF position as of Q4 2018 after selling out during the quarter.
B. Riley Financial sold 15,325 iShares MSCI USA Min Vol Factor ETF shares in Q4 2018, an estimated $874K.
B. Riley Financial first reported a position in iShares MSCI USA Min Vol Factor ETF in Q4 2015 and held it in 12 quarters.
B. Riley Financial's iShares MSCI USA Min Vol Factor ETF position peaked at $1.07M in Q3 2017.
612 funds tracked by Wall St. Rank held iShares MSCI USA Min Vol Factor ETF as of Q4 2018.

Based on B. Riley Financial's 13F filing for Q4 2018, filed 7 Feb 2019.