iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Position Boosted by Absolute Capital Management LLC

Absolute Capital Management LLC grew its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 17.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,503 shares of the company’s stock after buying an additional 5,849 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up approximately 1.9% of Absolute Capital Management LLC’s portfolio, making the stock its 14th largest position. Absolute Capital Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,508,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in USMV. Raymond James Financial Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $1,176,338,000. Lockheed Martin Investment Management Co. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $62,801,000. LPL Financial LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% in the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after buying an additional 346,414 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6,039.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 285,738 shares of the company’s stock worth $25,371,000 after buying an additional 281,084 shares during the period. Finally, Independent Advisor Alliance acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $17,861,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV opened at $92.50 on Friday. iShares MSCI USA Min Vol Factor ETF has a one year low of $79.69 and a one year high of $95.12. The company has a 50-day moving average of $92.18 and a two-hundred day moving average of $91.65. The stock has a market cap of $24.14 billion, a price-to-earnings ratio of 24.03 and a beta of 0.77.

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.