Royal Bank of Canada Sells 104,738 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Royal Bank of Canada reduced its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,558,899 shares of the company’s stock after selling 104,738 shares during the quarter. Royal Bank of Canada owned approximately 0.61% of iShares MSCI USA Min Vol Factor ETF worth $144,574,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 3.2% during the 4th quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock worth $1,434,701,000 after acquiring an additional 465,870 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.9% during the fourth quarter. Raymond James Financial Inc. now owns 13,773,118 shares of the company’s stock worth $1,296,877,000 after purchasing an additional 251,970 shares in the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 13.0% during the 1st quarter. Catalyst Capital Advisors LLC now owns 4,242,597 shares of the company’s stock valued at $393,458,000 after purchasing an additional 489,637 shares during the last quarter. UBS Group AG lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% during the 3rd quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock valued at $337,364,000 after purchasing an additional 80,056 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,542,763 shares of the company’s stock worth $333,587,000 after purchasing an additional 198,476 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS:USMV opened at $97.84 on Friday. The business’s 50-day moving average is $96.46 and its 200 day moving average is $95.35. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $91.02 and a 1 year high of $99.34. The firm has a market capitalization of $24.97 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.