MV Capital Management Inc. Sells 9,247 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

MV Capital Management Inc. cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,510 shares of the company’s stock after selling 9,247 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up about 2.3% of MV Capital Management Inc.’s holdings, making the stock its 11th biggest holding. MV Capital Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $21,444,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of USMV. Anchor Investment Management LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 6.0% during the third quarter. Anchor Investment Management LLC now owns 1,983 shares of the company’s stock valued at $181,000 after buying an additional 112 shares during the last quarter. Smart Portfolios LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.2% in the 4th quarter. Smart Portfolios LLC now owns 5,235 shares of the company’s stock worth $465,000 after purchasing an additional 112 shares during the last quarter. Heritage Wealth Advisors boosted its stake in iShares MSCI USA Min Vol Factor ETF by 27.4% in the 4th quarter. Heritage Wealth Advisors now owns 544 shares of the company’s stock worth $48,000 after purchasing an additional 117 shares in the last quarter. Flputnam Investment Management Co. grew its position in iShares MSCI USA Min Vol Factor ETF by 4.3% during the 4th quarter. Flputnam Investment Management Co. now owns 2,965 shares of the company’s stock valued at $263,000 after purchasing an additional 123 shares during the last quarter. Finally, Mcdonald Partners LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 0.9% during the 4th quarter. Mcdonald Partners LLC now owns 14,625 shares of the company’s stock valued at $1,299,000 after purchasing an additional 125 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV opened at $92.75 on Friday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $79.69 and a 52-week high of $95.12. The company has a market cap of $24.21 billion, a PE ratio of 24.03 and a beta of 0.77. The firm’s 50 day moving average price is $92.67 and its 200-day moving average price is $91.75.

iShares MSCI USA Min Vol Factor ETF 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.