Baring Financial LLC Sells 2,046 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Baring Financial LLC reduced its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 9.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,515 shares of the company’s stock after selling 2,046 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up 1.6% of Baring Financial LLC’s portfolio, making the stock its 22nd biggest holding. Baring Financial LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,921,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. VSM Wealth Advisory LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $27,000. Howe & Rusling Inc. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 94.2% during the 4th quarter. Howe & Rusling Inc. now owns 301 shares of the company’s stock worth $27,000 after acquiring an additional 146 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $28,000. Chapman Financial Group LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $28,000. Finally, Millstone Evans Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $38,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 4.8%

BATS USMV opened at $92.92 on Friday. The stock’s 50-day simple moving average is $91.49 and its two-hundred day simple moving average is $91.73. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $81.34 and a twelve month high of $95.12. The company has a market capitalization of $24.09 billion, a price-to-earnings ratio of 24.27 and a beta of 0.74.

iShares MSCI USA Min Vol Factor ETF Company 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.