iShares MSCI USA Min Vol Factor ETF (BATS:USMV) is Sheridan Capital Management LLC’s 5th Largest Position

Sheridan Capital Management LLC cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 90,909 shares of the company’s stock after selling 367 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up about 5.9% of Sheridan Capital Management LLC’s portfolio, making the stock its 5th biggest holding. Sheridan Capital Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $8,301,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $30,000. Gleason Group Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at about $32,000. Hantz Financial Services Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $33,000. Strategic Financial Concepts LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth $35,000. Finally, Naples Money Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter worth $41,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.7 %

Shares of BATS:USMV traded up $0.66 during trading on Friday, reaching $92.01. 1,966,319 shares of the company’s stock traded hands. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45. The company has a 50-day simple moving average of $90.00 and a 200-day simple moving average of $85.63. The firm has a market cap of $26.96 billion, a PE ratio of 25.30 and a beta of 0.59.

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.