Royal Bank of Canada Sells 55,901 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Royal Bank of Canada cut its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,637,223 shares of the company’s stock after selling 55,901 shares during the period. Royal Bank of Canada owned 0.56% of iShares MSCI USA Min Vol Factor ETF worth $145,370,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $1,176,338,000. LPL Financial LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 6.1% during the fourth quarter. LPL Financial LLC now owns 5,685,914 shares of the company’s stock worth $504,852,000 after buying an additional 328,291 shares in the last quarter. Millburn Ridgefield Corp increased its stake in iShares MSCI USA Min Vol Factor ETF by 5.2% during the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock worth $324,208,000 after acquiring an additional 180,849 shares during the period. Assetmark Inc. increased its stake in iShares MSCI USA Min Vol Factor ETF by 0.6% during the 4th quarter. Assetmark Inc. now owns 1,606,337 shares of the company’s stock worth $142,627,000 after acquiring an additional 10,270 shares during the period. Finally, Dynasty Wealth Management LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 8.4% in the 4th quarter. Dynasty Wealth Management LLC now owns 1,203,928 shares of the company’s stock valued at $106,897,000 after acquiring an additional 93,543 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV opened at $93.92 on Monday. The company has a market cap of $24.35 billion, a price-to-earnings ratio of 24.27 and a beta of 0.74. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $81.34 and a fifty-two week high of $95.12. The stock has a fifty day moving average price of $91.34 and a 200-day moving average price of $91.64.

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.