Cascades Capital Asset Management LLC reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 90.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,687 shares of the company’s stock after selling 35,411 shares during the quarter. Cascades Capital Asset Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of USMV. Insight Inv LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $1,083,000. Win Advisors Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $899,000. Dynasty Wealth Management LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 7.2% in the 3rd quarter. Dynasty Wealth Management LLC now owns 1,261,838 shares of the company’s stock valued at $120,051,000 after acquiring an additional 84,969 shares during the last quarter. Becker Capital Management Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $569,000. Finally, Darrow Company Inc. increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 4.9% in the third quarter. Darrow Company Inc. now owns 172,423 shares of the company’s stock worth $16,325,000 after buying an additional 8,098 shares during the period.
iShares MSCI USA Min Vol Factor ETF Stock Up 0.4%
Shares of BATS USMV opened at $94.49 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $91.02 and a 52 week high of $98.07. The firm’s fifty day moving average is $94.17 and its 200 day moving average is $94.45. The company has a market cap of $24.11 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.
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.
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