Johnson Financial Group Inc. Cuts Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Johnson Financial Group Inc. cut its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.8% in the second quarter, HoldingsChannel.com reports. The firm owned 30,433 shares of the company’s stock after selling 888 shares during the period. Johnson Financial Group Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,857,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of USMV. International Assets Investment Management LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% in the 2nd quarter. International Assets Investment Management LLC now owns 15,132 shares of the company’s stock worth $1,420,000 after buying an additional 110 shares during the last quarter. Sensible Money LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 1.3% in the first quarter. Sensible Money LLC now owns 8,839 shares of the company’s stock valued at $828,000 after acquiring an additional 112 shares in the last quarter. KPP Advisory Services LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 2.9% in the second quarter. KPP Advisory Services LLC now owns 4,167 shares of the company’s stock worth $391,000 after purchasing an additional 118 shares during the last quarter. Almanack Investment Partners LLC. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.6% during the second quarter. Almanack Investment Partners LLC. now owns 20,319 shares of the company’s stock worth $1,907,000 after purchasing an additional 124 shares in the last quarter. Finally, Cynosure Group LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.4% during the first quarter. Cynosure Group LLC now owns 36,192 shares of the company’s stock worth $3,390,000 after purchasing an additional 127 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 7.2%

Shares of USMV opened at $94.99 on Thursday. The firm has a market cap of $24.24 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12. The stock has a fifty day moving average price of $94.08 and a 200-day moving average price of $93.59.

iShares MSCI USA Min Vol Factor ETF Profile

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.