iShares MSCI USA Min Vol Factor ETF (BATS:USMV) is Securian Asset Management Inc.’s 6th Largest Position

Securian Asset Management Inc. reduced its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,058,637 shares of the company’s stock after selling 27,425 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for about 2.7% of Securian Asset Management Inc.’s portfolio, making the stock its 6th largest holding. Securian Asset Management Inc. owned 0.36% of iShares MSCI USA Min Vol Factor ETF worth $93,996,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $1,176,338,000. Lockheed Martin Investment Management Co. acquired a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $62,801,000. LPL Financial LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 6.9% during the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after purchasing an additional 346,414 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 6,039.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 285,738 shares of the company’s stock worth $25,371,000 after purchasing an additional 281,084 shares in the last quarter. Finally, Independent Advisor Alliance acquired a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $17,861,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 3.7 %

BATS:USMV opened at $91.90 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45. The stock’s fifty day moving average is $91.71 and its two-hundred day moving average is $91.58. The stock has a market capitalization of $23.35 billion, a price-to-earnings ratio of 24.43 and a beta of 0.79.

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.