Family Manage LLC Has $2.01 Million Position in iShares MSCI USA Min Vol Factor ETF $USMV

Family Manage LLC lessened its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 67.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 21,694 shares of the company’s stock after selling 44,632 shares during the period. Family Manage LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,012,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in USMV. Morgan Stanley raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 3.2% during the fourth 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. Raymond James Financial Inc. boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 1.9% in the fourth quarter. Raymond James Financial Inc. now owns 13,773,118 shares of the company’s stock valued at $1,296,877,000 after acquiring an additional 251,970 shares during the last quarter. Catalyst Capital Advisors LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 13.0% in the first quarter. Catalyst Capital Advisors LLC now owns 4,242,597 shares of the company’s stock valued at $393,458,000 after acquiring an additional 489,637 shares during the last quarter. UBS Group AG boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 2.3% in the third quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock valued at $337,364,000 after acquiring an additional 80,056 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in iShares MSCI USA Min Vol Factor ETF by 5.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,542,763 shares of the company’s stock valued at $333,587,000 after purchasing an additional 198,476 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV opened at $96.95 on Monday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $98.73. The company has a 50 day simple moving average of $96.29 and a two-hundred day simple moving average of $95.24. The company has a market capitalization of $24.74 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.