L. Roy Papp & Associates’s iShares MSCI USA Min Vol Factor ETF USMV Stock Holding History

L. Roy Papp & Associates’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
2026 Q1	$7.32M	Sell	78,980 -104	-0.1%	-$9.88K	0.84%	33
2025 Q4	$7.45M	Buy	79,084 +3,736	+5%	+$352K	0.82%	30
2025 Q3	$7.17M	Sell	75,348 -3,255	-4%	-$305K	0.81%	33
2025 Q2	$7.38M	Buy	78,603 +17	+0%	+$1.56K	0.88%	31
2025 Q1	$7.36M	Sell	78,586 -1,678	-2%	-$154K	0.9%	29
2024 Q4	$7.13M	Buy	80,264 +4,350	+6%	+$399K	0.83%	31
2024 Q3	$6.93M	Sell	75,914 -563	-0.7%	-$49.6K	0.84%	31
2024 Q2	$6.42M	Sell	76,477 -2,068	-3%	-$170K	0.78%	34
2024 Q1	$6.56M	Buy	78,545 +8,930	+13%	+$721K	0.78%	33
2023 Q4	$5.43M	Buy	69,615 +4,323	+7%	+$323K	0.67%	37
2023 Q3	$4.73M	Buy	65,292 +1,468	+2%	+$109K	0.64%	38
2023 Q2	$4.74M	Sell	63,824 -109	-0.2%	-$7.97K	0.61%	38
2023 Q1	$4.65M	Sell	63,933 -1,084	-2%	-$77.9K	0.63%	38
2022 Q4	$4.69M	Buy	65,017 +890	+1%	+$63.3K	0.66%	39
2022 Q3	$4.24M	Sell	64,127 -3,296	-5%	-$238K	0.64%	41
2022 Q2	$4.73M	Sell	67,423 -7,495	-10%	-$549K	0.69%	39
2022 Q1	$5.81M	Buy	74,918 +8,998	+14%	+$681K	0.73%	37
2021 Q4	$5.33M	Sell	65,920 -2,660	-4%	-$206K	0.61%	39
2021 Q3	$5.04M	Buy	68,580 +101	+0.1%	+$7.69K	0.64%	37
2021 Q2	$5.04M	Buy	68,479 +6,764	+11%	+$489K	0.64%	40
2021 Q1	$4.27M	Sell	61,715 -4,159	-6%	-$281K	0.61%	42
2020 Q4	$4.47M	Sell	65,874 -2,447	-4%	-$161K	0.52%	44
2020 Q3	$4.35M	Buy	68,321 +319	+0.5%	+$20.2K	0.56%	44
2020 Q2	$4.12M	Sell	68,002 -7,081	-9%	-$420K	0.58%	42
2020 Q1	$4.05M	Buy	75,083 +10,793	+17%	+$685K	0.74%	37
2019 Q4	$4.22M	Buy	64,290 +13,226	+26%	+$849K	0.61%	43
2019 Q3	$3.27M	Buy	51,064 +1,204	+2%	+$76.3K	0.51%	48
2019 Q2	$3.08M	Buy	49,860 +6,965	+16%	+$418K	0.48%	50
2019 Q1	$2.52M	Buy	42,895 +14,380	+50%	+$805K	0.45%	48
2018 Q4	$1.49M	Buy	28,515 +13,812	+94%	+$759K	0.31%	64
2018 Q3	$839K	Buy	14,703 +3,979	+37%	+$222K	0.15%	92
2018 Q2	$570K	Buy	10,724 +4,812	+81%	+$253K	0.11%	105
2018 Q1	$307K	Buy	+5,912	New	+$313K	0.06%	136
2016 Q3	–	Sell	-12,548	Closed	-$580K	–	155
2016 Q2	$580K	Buy	12,548 +79	+0.6%	+$3.51K	0.14%	101
2016 Q1	$548K	Buy	+12,469	New	+$519K	0.13%	105