Sheridan Capital Management LLC Lowers Position in iShares MSCI USA Min Vol Factor ETF $USMV

Sheridan Capital Management LLC decreased its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 72.3% during the third quarter, Holdings Channel reports. The fund owned 25,426 shares of the company’s stock after selling 66,359 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up about 1.3% of Sheridan Capital Management LLC’s holdings, making the stock its 17th biggest holding. Sheridan Capital Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,419,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% during the second quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock valued at $271,634,000 after purchasing an additional 452,184 shares in the last quarter. Cetera Investment Advisers lifted its position in iShares MSCI USA Min Vol Factor ETF by 26.3% during the second quarter. Cetera Investment Advisers now owns 2,142,277 shares of the company’s stock valued at $201,096,000 after buying an additional 445,896 shares during the period. Truist Financial Corp boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 147.7% during the 2nd quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock valued at $68,678,000 after buying an additional 436,281 shares in the last quarter. Portfolio Design Labs LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $34,671,000. Finally, Ascent Group LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 1,116.1% in the 2nd quarter. Ascent Group LLC now owns 308,114 shares of the company’s stock worth $28,923,000 after buying an additional 282,778 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS USMV opened at $94.49 on Friday. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $95.12. The firm has a 50-day moving average of $94.28 and a 200 day moving average of $93.97. The stock has a market cap of $24.11 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.