Principal Securities Inc. trimmed its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 17.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,820 shares of the company’s stock after selling 20,190 shares during the quarter. Principal Securities Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $8,749,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in USMV. Headlands Technologies LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $30,000. Gleason Group Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $32,000. Hantz Financial Services Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $33,000. Strategic Financial Concepts LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $35,000. Finally, Fortitude Family Office LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at approximately $38,000.
iShares MSCI USA Min Vol Factor ETF Trading Down 0.7 %
Shares of USMV stock opened at $89.99 on Friday. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month high of $55.45. The stock has a market cap of $26.37 billion, a P/E ratio of 25.30 and a beta of 0.59. The company has a 50 day simple moving average of $91.15 and a two-hundred day simple moving average of $86.52.
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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