Johnson Investment Counsel Inc. Lowers Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Johnson Investment Counsel Inc. lowered its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,044,279 shares of the company’s stock after selling 6,972 shares during the quarter. Johnson Investment Counsel Inc. owned approximately 0.36% of iShares MSCI USA Min Vol Factor ETF worth $87,678,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth approximately $30,000. Gleason Group Inc. purchased 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. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $33,000. Naples Money Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter valued at approximately $41,000. Finally, Gradient Investments LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 49,700.0% in the second quarter. Gradient Investments LLC now owns 498 shares of the company’s stock valued at $42,000 after acquiring an additional 497 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS USMV opened at $90.20 on Thursday. The company has a market cap of $26.43 billion, a PE ratio of 25.30 and a beta of 0.59. The stock’s 50 day simple moving average is $87.60 and its 200-day simple moving average is $84.25. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45.

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.