Janney Montgomery Scott LLC lessened its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 8.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 617,480 shares of the company’s stock after selling 53,960 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $57,265,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Frankly Finances LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $25,000. Investors Research Corp acquired a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $26,000. Elevated Capital Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $29,000. Chapman Financial Group LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $29,000. Finally, Abound Wealth Management raised its position in shares of 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 period.
iShares MSCI USA Min Vol Factor ETF Stock Performance
Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $95.99 on Monday. The stock has a market capitalization of $24.50 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $91.02 and a twelve month high of $98.07. The business’s 50 day simple moving average is $95.18 and its 200-day simple moving average is $94.87.
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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