Parallel Advisors LLC Sells 11,281 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Parallel Advisors LLC lowered its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 11.8% in the third quarter, HoldingsChannel.com reports. The fund owned 84,520 shares of the company’s stock after selling 11,281 shares during the quarter. Parallel Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $8,041,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of USMV. Raymond James Financial Inc. boosted its stake in iShares MSCI USA Min Vol Factor ETF by 1.5% in the second quarter. Raymond James Financial Inc. now owns 13,315,040 shares of the company’s stock worth $1,249,883,000 after purchasing an additional 191,453 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,831,899 shares of the company’s stock valued at $650,670,000 after buying an additional 156,234 shares in the last quarter. Millburn Ridgefield LLC DE increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 5.4% in the third quarter. Millburn Ridgefield LLC DE now owns 3,752,960 shares of the company’s stock valued at $357,057,000 after buying an additional 190,646 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% in the second quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock valued at $271,634,000 after buying an additional 452,184 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in iShares MSCI USA Min Vol Factor ETF by 26.3% during the 2nd quarter. Cetera Investment Advisers now owns 2,142,277 shares of the company’s stock worth $201,096,000 after buying an additional 445,896 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.2%

Shares of BATS:USMV opened at $96.65 on Friday. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $98.07. The company’s 50-day moving average price is $95.38 and its two-hundred day moving average price is $94.59. The firm has a market cap of $24.67 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.