Intelligence Driven Advisers LLC Sells 3,565 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Intelligence Driven Advisers LLC lessened its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 53.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,048 shares of the company’s stock after selling 3,565 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $271,000 at the end of the most recent quarter.

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

iShares MSCI USA Min Vol Factor ETF Stock Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $92.88 on Thursday. The stock has a market capitalization of $27.21 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45. The stock’s 50 day moving average price is $90.73 and its two-hundred day moving average price is $90.77.

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.