Money Concepts Capital Corp lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 9.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,619 shares of the company’s stock after selling 12,913 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises 0.7% of Money Concepts Capital Corp’s portfolio, making the stock its 26th largest holding. Money Concepts Capital Corp’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $11,640,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of USMV. Junto Capital Management LP bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at approximately $85,107,000. Two Sigma Investments LP boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 26.1% in the third quarter. Two Sigma Investments LP now owns 2,733,400 shares of the company’s stock valued at $260,056,000 after acquiring an additional 565,200 shares during the period. Ameriprise Financial Inc. boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% in the second quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock valued at $271,634,000 after acquiring an additional 452,184 shares during the period. Barclays PLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 238.2% in the third quarter. Barclays PLC now owns 500,271 shares of the company’s stock valued at $47,596,000 after acquiring an additional 352,366 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 62.1% in the third quarter. Russell Investments Group Ltd. now owns 898,946 shares of the company’s stock valued at $85,526,000 after acquiring an additional 344,482 shares during the period.
iShares MSCI USA Min Vol Factor ETF Trading Up 0.1%
USMV opened at $94.10 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $91.02 and a 1-year high of $98.07. The stock has a market capitalization of $24.01 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The business has a 50 day moving average of $94.24 and a 200-day moving average of $94.46.
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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