OVERSEA CHINESE BANKING Corp Ltd Trims Stock Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

OVERSEA CHINESE BANKING Corp Ltd reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 18.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 147,508 shares of the company’s stock after selling 33,422 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned 0.06% of iShares MSCI USA Min Vol Factor ETF worth $14,034,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 18.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock valued at $271,634,000 after purchasing an additional 452,184 shares in the last quarter. Cetera Investment Advisers lifted its position in iShares MSCI USA Min Vol Factor ETF by 26.3% during the second 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 during the period. Truist Financial Corp boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 147.7% in the second quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock worth $68,678,000 after acquiring an additional 436,281 shares during the last quarter. Portfolio Design Labs LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $34,671,000. Finally, Ascent Group LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 1,116.1% in the second quarter. Ascent Group LLC now owns 308,114 shares of the company’s stock valued at $28,923,000 after purchasing an additional 282,778 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock opened at $94.61 on Thursday. The firm has a market capitalization of $24.14 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $95.12. The company has a 50 day moving average price of $94.24 and a 200 day moving average price of $93.97.

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.