iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Position Reduced by M&T Bank Corp

M&T Bank Corp trimmed its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 16.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 158,266 shares of the company’s stock after selling 31,630 shares during the quarter. M&T Bank Corp’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $14,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $28,000. AlphaMark Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $30,000. Valued Wealth Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $30,000. Sound Income Strategies LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 65.0% in the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock worth $32,000 after purchasing an additional 143 shares in the last quarter. Finally, Arrow Financial Corp purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth approximately $45,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $93.76 on Thursday. The firm has a market cap of $23.82 billion, a PE ratio of 24.43 and a beta of 0.79. The firm’s 50 day moving average price is $91.44 and its 200 day moving average price is $91.48. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month 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.