iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,675,239 shares of the company’s stock after selling 122,022 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $157,740,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in USMV. Junto Capital Management LP acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter worth $85,107,000. Two Sigma Investments LP increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 26.1% in the third quarter. Two Sigma Investments LP now owns 2,733,400 shares of the company’s stock valued at $260,056,000 after purchasing an additional 565,200 shares during the period. Ameriprise Financial Inc. increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% in the second quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock valued at $271,634,000 after purchasing an additional 452,184 shares during the period. Barclays PLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 238.2% in the third quarter. Barclays PLC now owns 500,271 shares of the company’s stock valued at $47,596,000 after purchasing an additional 352,366 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 62.1% in the third quarter. Russell Investments Group Ltd. now owns 898,946 shares of the company’s stock valued at $85,526,000 after purchasing an additional 344,482 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.3%

Shares of BATS:USMV opened at $96.33 on Friday. The firm’s 50 day moving average is $94.10 and its two-hundred day moving average is $94.66. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $91.02 and a 52 week high of $98.07. The firm has a market capitalization of $24.58 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.