Robertson Stephens Wealth Management LLC Sells 13,293 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Robertson Stephens Wealth Management LLC cut its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 27.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,893 shares of the company’s stock after selling 13,293 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,801,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FMR LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 51.5% in the 3rd quarter. FMR LLC now owns 26,644,002 shares of the company’s stock worth $1,928,493,000 after purchasing an additional 9,059,409 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $259,275,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $246,963,000. International Assets Investment Management LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at about $216,845,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 54.4% during the third quarter. PNC Financial Services Group Inc. now owns 5,301,031 shares of the company’s stock valued at $383,689,000 after acquiring an additional 1,867,739 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock traded down $0.11 during trading on Thursday, reaching $80.34. The company had a trading volume of 3,781,097 shares. The company has a market cap of $23.54 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The firm has a 50-day simple moving average of $81.81 and a 200-day simple moving average of $78.61. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45.

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.