Symphony Financial Ltd. Co. Sells 399 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Symphony Financial Ltd. Co. lessened its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,951 shares of the company’s stock after selling 399 shares during the period. Symphony Financial Ltd. Co.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $389,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of USMV. Moneta Group Investment Advisors LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 140,054.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,961,456 shares of the company’s stock worth $790,321,000 after acquiring an additional 10,953,635 shares during the period. FMR LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 51.5% in the 3rd quarter. FMR LLC now owns 26,644,002 shares of the company’s stock worth $1,928,493,000 after buying an additional 9,059,409 shares during the last quarter. Allstate Investment Management Co. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $308,588,000. Catalyst Capital Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $259,275,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $246,963,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock traded up $0.20 during midday trading on Friday, hitting $83.58. The company had a trading volume of 2,621,446 shares. The stock has a market capitalization of $32.06 billion, a P/E ratio of 20.17 and a beta of 0.75. The company has a 50 day moving average of $81.23 and a 200 day moving average of $77.26. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45.

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.