Cynosure Group LLC Sells 26,612 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Cynosure Group LLC cut its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 62.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,812 shares of the company’s stock after selling 26,612 shares during the period. Cynosure Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,489,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Junto Capital Management LP purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at approximately $85,107,000. BNP Paribas Financial Markets raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 10,472.3% in the fourth quarter. BNP Paribas Financial Markets now owns 800,747 shares of the company’s stock worth $75,398,000 after buying an additional 793,173 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 26.1% in the third 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 during the last quarter. Morgan Stanley raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 3.2% in the fourth quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock worth $1,434,701,000 after buying an additional 465,870 shares during the last quarter. Finally, 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 worth $271,634,000 after buying an additional 452,184 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.3%

BATS USMV opened at $96.34 on Tuesday. The company has a fifty day simple moving average of $94.95 and a two-hundred day simple moving average of $94.85. The stock has a market cap of $24.59 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $98.07.

iShares MSCI USA Min Vol Factor ETF 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.