Citigroup Inc. Sells 60,409 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Citigroup Inc. decreased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 18.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 265,224 shares of the company’s stock after selling 60,409 shares during the period. Citigroup Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $24,218,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Headlands Technologies LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $30,000. Gleason Group Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth $32,000. Hantz Financial Services Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at $33,000. Strategic Financial Concepts LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at $35,000. Finally, Fortitude Family Office LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at $38,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS USMV opened at $94.48 on Wednesday. The company has a 50-day moving average price of $91.74 and a 200-day moving average price of $88.03. The stock has a market capitalization of $27.68 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45.

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.