Cambridge Associates LLC MA ADV reduced its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 50.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 39,183 shares of the company’s stock after selling 39,183 shares during the quarter. Cambridge Associates LLC MA ADV’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,634,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of USMV. Frankly Finances LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $25,000. Elevated Capital Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $29,000. Chapman Financial Group LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $29,000. Abound Wealth Management grew its stake in iShares MSCI USA Min Vol Factor ETF by 437.1% in the 4th quarter. Abound Wealth Management now owns 333 shares of the company’s stock valued at $31,000 after acquiring an additional 271 shares during the last quarter. Finally, Ankerstar Wealth LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $31,000.
iShares MSCI USA Min Vol Factor ETF Trading Down 0.3%
BATS:USMV opened at $96.25 on Thursday. The company has a market capitalization of $24.56 billion, a P/E ratio of 22.90 and a beta of 0.72. The firm has a 50-day moving average price of $96.23 and a two-hundred day moving average price of $95.21. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $91.02 and a twelve month high of $98.73.
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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Want to see what other hedge funds are holding USMV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report).
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