Cynosure Group LLC Sells 26,612 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Cynosure Group LLC trimmed its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 62.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,812 shares of the company’s stock after selling 26,612 shares during the period. Cynosure Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,489,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley grew its holdings in 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 grew its holdings in iShares MSCI USA Min Vol Factor ETF by 0.7% during the 3rd quarter. Bank of America Corp DE now owns 13,794,595 shares of the company’s stock valued at $1,312,418,000 after purchasing an additional 98,221 shares during the last quarter. Raymond James Financial Inc. grew its holdings in iShares MSCI USA Min Vol Factor ETF by 1.5% during the 3rd quarter. Raymond James Financial Inc. now owns 13,521,148 shares of the company’s stock valued at $1,286,402,000 after purchasing an additional 206,108 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 2.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,977,742 shares of the company’s stock valued at $659,752,000 after purchasing an additional 145,843 shares during the last quarter. Finally, UBS Group AG grew its holdings in iShares MSCI USA Min Vol Factor ETF by 2.3% during the 3rd quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock valued at $337,364,000 after purchasing an additional 80,056 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.3%

Shares of BATS:USMV opened at $96.34 on Tuesday. The company has a market capitalization of $24.59 billion, a price-to-earnings 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 $98.07. The firm’s 50-day moving average is $94.95 and its 200 day moving average is $94.85.

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.