iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 59.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 80,000 shares of the company’s stock after selling 115,000 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USMV. Junto Capital Management LP bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth about $85,107,000. Two Sigma Investments LP raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 26.1% during the 3rd quarter. Two Sigma Investments LP now owns 2,733,400 shares of the company’s stock worth $260,056,000 after buying an additional 565,200 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock worth $271,634,000 after buying an additional 452,184 shares in the last quarter. Barclays PLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 238.2% during the 3rd quarter. Barclays PLC now owns 500,271 shares of the company’s stock worth $47,596,000 after buying an additional 352,366 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 62.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 898,946 shares of the company’s stock worth $85,526,000 after buying an additional 344,482 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.1%

USMV stock opened at $94.74 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $87.41 and a 52 week high of $98.07. The company has a market capitalization of $24.18 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The firm’s 50-day moving average is $94.76 and its two-hundred day moving average is $94.50.

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.