First Horizon Advisors Inc. Sells 9,508 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

First Horizon Advisors Inc. decreased its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 38.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,023 shares of the company’s stock after selling 9,508 shares during the period. First Horizon Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in USMV. Keener Financial Planning LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth $26,000. Horrell Capital Management Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $27,000. Global Trust Asset Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $27,000. M&R Capital Management Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $34,000. Finally, Sandy Spring Bank boosted its stake in iShares MSCI USA Min Vol Factor ETF by 484.0% in the third quarter. Sandy Spring Bank now owns 584 shares of the company’s stock worth $42,000 after buying an additional 484 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock opened at $81.11 on Friday. The company has a market capitalization of $23.77 billion, a PE ratio of 25.30 and a beta of 0.59. The company’s 50 day moving average price is $81.78 and its two-hundred day moving average price is $78.68. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45.

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.