Bowman & Co S.C. Trims Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Bowman & Co S.C. reduced its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,128 shares of the company’s stock after selling 1,136 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up 2.6% of Bowman & Co S.C.’s portfolio, making the stock its 8th largest holding. Bowman & Co S.C.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $4,460,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in USMV. Gleason Group Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth $32,000. SYM FINANCIAL Corp boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 232.9% during the 4th quarter. SYM FINANCIAL Corp now owns 486 shares of the company’s stock worth $38,000 after purchasing an additional 340 shares during the period. Naples Money Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth about $41,000. Gradient Investments LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 49,700.0% during the 2nd quarter. Gradient Investments LLC now owns 498 shares of the company’s stock worth $42,000 after purchasing an additional 497 shares during the period. Finally, ESL Trust Services LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth about $51,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.6 %

Shares of USMV stock traded up $0.50 during trading hours on Friday, reaching $90.24. 2,781,406 shares of the stock were exchanged. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The company’s 50-day moving average price is $85.90 and its 200-day moving average price is $83.32. The firm has a market capitalization of $26.44 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

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.