MAI Capital Management cut its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 159,538 shares of the company’s stock after selling 5,722 shares during the period. MAI Capital Management owned about 0.05% of iShares MSCI USA Min Vol Factor ETF worth $14,567,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at approximately $30,000. Gleason Group Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $32,000. Hantz Financial Services Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth $33,000. Strategic Financial Concepts LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth $35,000. Finally, Fortitude Family Office LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $38,000.
iShares MSCI USA Min Vol Factor ETF Trading Up 0.4 %
Shares of BATS USMV opened at $91.49 on Tuesday. The company has a fifty day moving average price of $91.47 and a 200 day moving average price of $87.49. The firm has a market cap of $26.81 billion, a PE ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45.
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.
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