iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Portfolio Design Labs LLC

Portfolio Design Labs LLC lessened its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 112,936 shares of the company’s stock after selling 10,398 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises about 1.8% of Portfolio Design Labs LLC’s holdings, making the stock its 14th largest holding. Portfolio Design Labs LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $10,634,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Becker Capital Management Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter worth approximately $569,000. Western Wealth Management LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 28.4% in the fourth quarter. Western Wealth Management LLC now owns 74,251 shares of the company’s stock worth $6,992,000 after acquiring an additional 16,434 shares during the period. Concurrent Investment Advisors LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 9.9% in the fourth quarter. Concurrent Investment Advisors LLC now owns 93,655 shares of the company’s stock worth $8,819,000 after acquiring an additional 8,469 shares during the period. Chatterton & Associates Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $851,000. Finally, Dara Capital US Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $542,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $95.58 on Wednesday. The firm has a market capitalization of $24.39 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $98.07. The stock has a 50 day moving average of $94.69 and a 200 day moving average of $94.79.

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.