Saxon Interests Inc. Decreases Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Saxon Interests Inc. reduced its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 16.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,531 shares of the company’s stock after selling 4,744 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for about 1.0% of Saxon Interests Inc.’s portfolio, making the stock its 24th largest holding. Saxon Interests Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,050,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in USMV. Cherry Tree Wealth Management LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 0.9% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 17,305 shares of the company’s stock worth $1,350,000 after acquiring an additional 160 shares during the last quarter. ARS Wealth Advisors Group LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 4.5% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 511,936 shares of the company’s stock valued at $39,946,000 after purchasing an additional 22,057 shares in the last quarter. Ergawealth Advisors Inc. grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.5% in the fourth quarter. Ergawealth Advisors Inc. now owns 28,281 shares of the company’s stock valued at $2,207,000 after purchasing an additional 696 shares in the last quarter. EWA LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 9.2% during the fourth quarter. EWA LLC now owns 115,354 shares of the company’s stock worth $9,269,000 after buying an additional 9,725 shares in the last quarter. Finally, White Pine Investment CO boosted its stake in iShares MSCI USA Min Vol Factor ETF by 0.4% during the fourth quarter. White Pine Investment CO now owns 152,434 shares of the company’s stock worth $11,894,000 after buying an additional 668 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.3 %

BATS:USMV traded up $0.26 on Tuesday, hitting $84.02. The stock had a trading volume of 2,028,698 shares. The company has a fifty day moving average price of $82.84 and a two-hundred day moving average price of $81.29. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45. The stock has a market cap of $24.62 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

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.