Modus Advisors LLC trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 24.4% in the 4th quarter, HoldingsChannel reports. The firm owned 79,573 shares of the company’s stock after selling 25,629 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up approximately 2.0% of Modus Advisors LLC’s portfolio, making the stock its 10th largest holding. Modus Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Frankly Finances LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $25,000. Investors Research Corp bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $26,000. Elevated Capital Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $29,000. Chapman Financial Group LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $29,000. Finally, Abound Wealth Management raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 437.1% during the fourth quarter. Abound Wealth Management now owns 333 shares of the company’s stock valued at $31,000 after buying an additional 271 shares during the last quarter.
iShares MSCI USA Min Vol Factor ETF Price Performance
iShares MSCI USA Min Vol Factor ETF stock opened at $95.64 on Friday. The stock has a market cap of $24.41 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $91.02 and a 1 year high of $98.07. The firm’s 50 day moving average price is $94.54 and its 200-day moving average price is $94.76.
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.
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