Valmark Advisers Inc. lowered its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 15.3% in the 1st quarter, HoldingsChannel reports. The firm owned 181,946 shares of the company’s stock after selling 32,849 shares during the quarter. Valmark Advisers Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $16,874,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of USMV. Morgan Stanley increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 3.2% during the 4th quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock valued at $1,434,701,000 after purchasing an additional 465,870 shares during the last quarter. Bank of America Corp DE lifted its position in iShares MSCI USA Min Vol Factor ETF by 0.7% in the 3rd quarter. Bank of America Corp DE now owns 13,794,595 shares of the company’s stock worth $1,312,418,000 after buying an additional 98,221 shares during the last quarter. Raymond James Financial Inc. lifted its position in iShares MSCI USA Min Vol Factor ETF by 1.9% in the 4th quarter. Raymond James Financial Inc. now owns 13,773,118 shares of the company’s stock worth $1,296,877,000 after buying an additional 251,970 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 2.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,977,742 shares of the company’s stock worth $659,752,000 after buying an additional 145,843 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 13.0% in the first quarter. Catalyst Capital Advisors LLC now owns 4,242,597 shares of the company’s stock worth $393,458,000 after buying an additional 489,637 shares in the last quarter.
iShares MSCI USA Min Vol Factor ETF Price Performance
BATS USMV traded up $0.16 on Friday, reaching $97.76. 1,808,736 shares of the company’s stock traded hands, compared to its average volume of 2,501,746. The stock has a market cap of $24.95 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 $91.02 and a 12 month high of $98.73. The stock has a 50-day simple moving average of $95.84 and a 200 day simple moving average of $95.10.
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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