iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,696,978 shares of the company’s stock after selling 78,506 shares during the period. Wells Fargo & Company MN’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $328,255,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in USMV. Raymond James Financial Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $1,176,338,000. Lockheed Martin Investment Management Co. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $62,801,000. LPL Financial LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.1% in the 4th quarter. LPL Financial LLC now owns 5,685,914 shares of the company’s stock valued at $504,852,000 after acquiring an additional 328,291 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 6,039.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 285,738 shares of the company’s stock valued at $25,371,000 after acquiring an additional 281,084 shares in the last quarter. Finally, Independent Advisor Alliance bought a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $17,861,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $87.26 on Friday. The company has a market cap of $22.35 billion, a PE ratio of 24.22 and a beta of 0.74. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $79.69 and a 12 month high of $95.12. The company has a fifty day moving average price of $92.83 and a two-hundred day moving average price of $91.79.

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.