HBK Sorce Advisory LLC lessened its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 7.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,058 shares of the company’s stock after selling 425 shares during the quarter. HBK Sorce Advisory LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $449,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of USMV. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $1,176,338,000. Lockheed Martin Investment Management Co. bought a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $62,801,000. LPL Financial LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 6.9% in the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after acquiring an additional 346,414 shares during the period. Sequoia Financial Advisors LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 6,039.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 285,738 shares of the company’s stock worth $25,371,000 after acquiring an additional 281,084 shares during the period. Finally, Independent Advisor Alliance bought a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $17,861,000.
iShares MSCI USA Min Vol Factor ETF Trading Up 3.9 %
USMV opened at $92.09 on Friday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45. The company has a market capitalization of $24.04 billion, a PE ratio of 24.03 and a beta of 0.77. The firm’s 50 day simple moving average is $91.87 and its two-hundred day simple moving average is $91.59.
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.
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Want to see what other hedge funds are holding USMV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report).
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