iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Royal Bank of Canada

Royal Bank of Canada lessened its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,558,899 shares of the company’s stock after selling 104,738 shares during the quarter. Royal Bank of Canada’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $144,574,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Frankly Finances LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $25,000. Elevated Capital Advisors LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $29,000. Chapman Financial Group LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $29,000. Ankerstar Wealth LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $31,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at approximately $33,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV stock opened at $97.84 on Friday. The firm’s fifty day simple moving average is $96.46 and its 200-day simple moving average is $95.35. The company has a market capitalization of $24.97 billion, a P/E 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 $99.34.

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.