Lester Murray Antman dba SimplyRich Sells 1,331 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Lester Murray Antman dba SimplyRich trimmed its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 188,264 shares of the company’s stock after selling 1,331 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for about 4.8% of Lester Murray Antman dba SimplyRich’s investment portfolio, making the stock its 3rd largest position. Lester Murray Antman dba SimplyRich’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $16,715,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Stonebridge Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $28,000. AlphaMark Advisors LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at approximately $30,000. Valued Wealth Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $30,000. Sound Income Strategies LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 65.0% in the 4th quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock worth $32,000 after buying an additional 143 shares during the period. Finally, Fortitude Family Office LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $38,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.1 %

USMV opened at $93.20 on Wednesday. The business has a 50 day moving average of $90.74 and a 200-day moving average of $90.72. The stock has a market capitalization of $27.31 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45.

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.