Marino Stram & Associates LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,209 shares of the company’s stock after purchasing an additional 982 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up 0.7% of Marino Stram & Associates LLC’s portfolio, making the stock its 27th biggest position. Marino Stram & Associates LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,747,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in USMV. Keener Financial Planning LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $26,000. Horrell Capital Management Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $27,000. Global Trust Asset Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $27,000. Eagle Bay Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at $28,000. Finally, Stonebridge Capital Advisors LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 180.4% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 401 shares of the company’s stock valued at $29,000 after acquiring an additional 258 shares during the period.
iShares MSCI USA Min Vol Factor ETF Trading Down 0.6 %
Shares of USMV traded down $0.48 during midday trading on Tuesday, reaching $79.98. The stock had a trading volume of 4,103,346 shares. The firm has a 50 day simple moving average of $81.73 and a 200-day simple moving average of $77.96. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The firm has a market cap of $23.39 billion, a PE ratio of 25.31 and a beta of 0.59.
About iShares MSCI USA Min Vol Factor ETF
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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