Spectrum Asset Management Inc. NB CA Has $4.57 Million Position in iShares MSCI USA Min Vol Factor ETF $USMV

Spectrum Asset Management Inc. NB CA lessened its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 59.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 49,279 shares of the company’s stock after selling 73,483 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises 1.5% of Spectrum Asset Management Inc. NB CA’s portfolio, making the stock its 20th largest holding. Spectrum Asset Management Inc. NB CA’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $4,570,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Morgan Stanley grew its holdings in iShares MSCI USA Min Vol Factor ETF by 3.2% during the 4th quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock worth $1,434,701,000 after acquiring an additional 465,870 shares during the last quarter. Bank of America Corp DE lifted its position in shares of 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 worth $1,312,418,000 after purchasing an additional 98,221 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.9% during the fourth quarter. Raymond James Financial Inc. now owns 13,773,118 shares of the company’s stock worth $1,296,877,000 after purchasing an additional 251,970 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.1% during the fourth 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. Finally, UBS Group AG grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% during the third quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock valued at $337,364,000 after purchasing an additional 80,056 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $95.99 on Friday. The firm has a 50 day simple moving average of $95.18 and a 200 day simple moving average of $94.86. The firm has a market cap of $24.50 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $98.07.

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.