Hoese & Co LLP Sells 5,710 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Hoese & Co LLP lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 23.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,685 shares of the company’s stock after selling 5,710 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for 1.3% of Hoese & Co LLP’s investment portfolio, making the stock its 17th biggest position. Hoese & Co LLP’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,759,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Bank of America Corp DE raised its position in iShares MSCI USA Min Vol Factor ETF by 0.7% during the third quarter. Bank of America Corp DE now owns 13,794,595 shares of the company’s stock valued at $1,312,418,000 after purchasing an additional 98,221 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% in the 3rd quarter. Raymond James Financial Inc. now owns 13,521,148 shares of the company’s stock worth $1,286,402,000 after purchasing an additional 206,108 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,977,742 shares of the company’s stock valued at $659,752,000 after purchasing an additional 145,843 shares during the last quarter. Millburn Ridgefield LLC DE increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.4% during the 3rd quarter. Millburn Ridgefield LLC DE now owns 3,752,960 shares of the company’s stock valued at $357,057,000 after purchasing an additional 190,646 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% during the 3rd quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock valued at $337,364,000 after buying an additional 80,056 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV opened at $91.12 on Monday. The firm has a market cap of $23.25 billion, a P/E ratio of 22.90 and a beta of 0.72. The stock has a 50 day simple moving average of $95.23 and a two-hundred day simple moving average of $94.58. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $98.07.

About iShares MSCI USA Min Vol Factor ETF

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.