Parallel Advisors LLC Reduces Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Parallel Advisors LLC cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 9.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,929 shares of the company’s stock after selling 10,859 shares during the period. Parallel Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $8,306,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in USMV. Raymond James & Associates boosted 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 buying an additional 146,632 shares during the period. Alaska Permanent Fund Corp boosted its stake 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 during the period. Catalyst Capital Advisors LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 5.2% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 3,658,707 shares of the company’s stock valued at $307,185,000 after purchasing an additional 182,050 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 1.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,202,043 shares of the company’s stock worth $268,843,000 after purchasing an additional 31,625 shares during the period. Finally, Cetera Investment Advisers lifted its stake in iShares MSCI USA Min Vol Factor ETF by 270.9% in the first quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock worth $158,465,000 after purchasing an additional 1,384,833 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS:USMV opened at $91.34 on Friday. The firm has a market capitalization of $26.76 billion, a PE ratio of 25.30 and a beta of 0.59. The business has a 50 day simple moving average of $87.88 and a two-hundred day simple moving average of $84.37. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 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.