Summit Global Investments Decreases Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Summit Global Investments lowered its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 145,370 shares of the company’s stock after selling 2,113 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for about 0.8% of Summit Global Investments’ portfolio, making the stock its 25th biggest holding. Summit Global Investments’ holdings in iShares MSCI USA Min Vol Factor ETF were worth $13,274,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $30,000. QRG Capital Management Inc. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 36.5% in the 2nd quarter. QRG Capital Management Inc. now owns 4,752 shares of the company’s stock valued at $399,000 after purchasing an additional 1,270 shares during the last quarter. Banco Santander S.A. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.2% during the 2nd quarter. Banco Santander S.A. now owns 99,199 shares of the company’s stock worth $8,329,000 after purchasing an additional 1,200 shares during the period. EdgeRock Capital LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.3% during the 3rd quarter. EdgeRock Capital LLC now owns 67,158 shares of the company’s stock worth $6,132,000 after purchasing an additional 3,371 shares during the last quarter. Finally, Bryant Woods Investment Advisors LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 41.7% in the 2nd quarter. Bryant Woods Investment Advisors LLC now owns 12,513 shares of the company’s stock valued at $1,051,000 after buying an additional 3,682 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.2 %

BATS:USMV opened at $92.63 on Friday. The stock has a market capitalization of $27.14 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45. The stock’s fifty day moving average is $91.22 and its two-hundred day moving average is $86.91.

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.