PFG Investments LLC Sells 13,680 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

PFG Investments LLC trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 63.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,744 shares of the company’s stock after selling 13,680 shares during the quarter. PFG Investments LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $718,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 12.9% during the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after buying an additional 1,291 shares during the period. Jane Street Group LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 366.3% during the 1st quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock worth $3,323,000 after acquiring an additional 27,868 shares in the last quarter. Hsbc Holdings PLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth about $399,000. First Trust Advisors LP increased its position in iShares MSCI USA Min Vol Factor ETF by 39.0% during the 2nd quarter. First Trust Advisors LP now owns 7,845 shares of the company’s stock valued at $736,000 after purchasing an additional 2,201 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in iShares MSCI USA Min Vol Factor ETF by 465.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock valued at $22,976,000 after purchasing an additional 201,483 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV traded up $0.56 during trading hours on Tuesday, reaching $98.45. The company’s stock had a trading volume of 217,331 shares, compared to its average volume of 2,500,337. The company has a market capitalization of $25.12 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $91.02 and a 12 month high of $98.73. The stock has a 50 day moving average price of $95.51 and a two-hundred day moving average price of $94.99.

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.