Eq LLC Trims Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Eq LLC cut its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 8.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,080 shares of the company’s stock after selling 1,174 shares during the quarter. Eq LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,073,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in USMV. Lockheed Martin Investment Management Co. bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $62,801,000. LPL Financial LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after purchasing an additional 346,414 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $16,911,000. Millburn Ridgefield Corp grew its position in iShares MSCI USA Min Vol Factor ETF by 5.2% in the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock valued at $324,208,000 after acquiring an additional 180,849 shares during the last quarter. Finally, World Investment Advisors LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 343.1% in the 3rd quarter. World Investment Advisors LLC now owns 224,878 shares of the company’s stock worth $20,534,000 after buying an additional 174,130 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 6.1 %

Shares of BATS USMV opened at $94.09 on Wednesday. The business has a fifty day simple moving average of $90.92 and a two-hundred day simple moving average of $91.26. The firm has a market cap of $23.91 billion, a PE ratio of 24.43 and a beta of 0.79. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45.

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.