Parallel Advisors LLC Cuts Position in iShares MSCI USA Min Vol Factor ETF $USMV

Parallel Advisors LLC decreased its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,807 shares of the company’s stock after selling 9,713 shares during the period. Parallel Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,044,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Becker Capital Management Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth $569,000. Western Wealth Management LLC increased its holdings in shares of 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 purchasing an additional 16,434 shares during the period. Chatterton & Associates Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $851,000. Concurrent Investment Advisors LLC increased its holdings in shares of 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 purchasing an additional 8,469 shares during the period. Finally, Dara Capital US Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $542,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $96.66 on Friday. The stock has a market cap of $24.67 billion, a P/E 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 firm’s fifty day moving average price is $94.48 and its 200-day moving average price is $94.75.

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.