Harbour Investments Inc. Sells 3,517 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Harbour Investments Inc. cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 13.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,916 shares of the company’s stock after selling 3,517 shares during the period. Harbour Investments Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,924,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James & Associates raised its stake in iShares MSCI USA Min Vol Factor ETF by 0.9% during the second quarter. Raymond James & Associates now owns 16,095,735 shares of the company’s stock worth $1,351,398,000 after acquiring an additional 146,632 shares in the last quarter. Alaska Permanent Fund Corp increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 4.4% during the 1st quarter. Alaska Permanent Fund Corp now owns 3,947,820 shares of the company’s stock worth $329,959,000 after purchasing an additional 167,538 shares in the last quarter. Catalyst Capital Advisors LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 5.2% in the second quarter. Catalyst Capital Advisors LLC now owns 3,658,707 shares of the company’s stock valued at $307,185,000 after buying an additional 182,050 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 1.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,202,043 shares of the company’s stock valued at $268,843,000 after buying an additional 31,625 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in iShares MSCI USA Min Vol Factor ETF by 270.9% during the first quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock worth $158,465,000 after buying an additional 1,384,833 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV traded up $0.18 during mid-day trading on Tuesday, hitting $90.50. 1,227,314 shares of the stock were exchanged. The company has a market cap of $26.52 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The stock’s fifty day simple moving average is $86.17 and its two-hundred day simple moving average is $83.51.

iShares MSCI USA Min Vol Factor ETF Company 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.