Focus Partners Wealth lessened its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 1.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,124,918 shares of the company’s stock after selling 13,427 shares during the quarter. Focus Partners Wealth’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $107,025,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in USMV. Insight Inv LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at $1,083,000. Win Advisors Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth $899,000. Dynasty Wealth Management LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 7.2% in the 3rd quarter. Dynasty Wealth Management LLC now owns 1,261,838 shares of the company’s stock worth $120,051,000 after buying an additional 84,969 shares during the last quarter. Becker Capital Management Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth about $569,000. Finally, Cynosure Group LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 16.8% in the 3rd quarter. Cynosure Group LLC now owns 42,424 shares of the company’s stock valued at $4,036,000 after buying an additional 6,104 shares during the period.
iShares MSCI USA Min Vol Factor ETF Stock Performance
BATS USMV opened at $95.07 on Monday. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $98.07. The company has a 50-day simple moving average of $95.50 and a 200-day simple moving average of $94.65. The firm has a market capitalization of $24.26 billion, a PE ratio of 22.90 and a beta of 0.72.
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.
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