Parallel Advisors LLC cut its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,736 shares of the company’s stock after selling 2,381 shares during the quarter. Parallel Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $8,323,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of USMV. Stonebridge Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $28,000. AlphaMark Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $30,000. Valued Wealth Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $30,000. Sound Income Strategies LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 65.0% during the 4th quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock worth $32,000 after acquiring an additional 143 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $46,000.
iShares MSCI USA Min Vol Factor ETF Price Performance
USMV opened at $92.09 on Monday. The stock’s 50 day simple moving average is $91.87 and its 200 day simple moving average is $91.61. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The firm has a market cap of $24.04 billion, a price-to-earnings ratio of 24.03 and a beta of 0.77.
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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