Parallel Advisors LLC decreased its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,807 shares of the company’s stock after selling 9,713 shares during the quarter. Parallel Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,044,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of USMV. Frankly Finances LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth $25,000. Investors Research Corp bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth $26,000. Elevated Capital Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth $29,000. Chapman Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth $29,000. Finally, Abound Wealth Management raised its position in iShares MSCI USA Min Vol Factor ETF by 437.1% during the 4th quarter. Abound Wealth Management now owns 333 shares of the company’s stock worth $31,000 after purchasing an additional 271 shares during the last quarter.
iShares MSCI USA Min Vol Factor ETF Price Performance
BATS USMV opened at $96.66 on Friday. The business has a 50 day simple moving average of $94.48 and a 200 day simple moving average of $94.75. iShares MSCI USA Min Vol Factor ETF has a one year low of $91.02 and a one year high of $98.07. The stock has a market capitalization of $24.67 billion, a P/E ratio of 22.90 and a beta of 0.72.
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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