LS Investment Advisors LLC Reduces Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

LS Investment Advisors LLC lowered its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 11.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,804 shares of the company’s stock after selling 969 shares during the quarter. LS Investment Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $731,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Smart Portfolios LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 2.2% during the fourth quarter. Smart Portfolios LLC now owns 5,235 shares of the company’s stock valued at $465,000 after acquiring an additional 112 shares during the period. Heritage Wealth Advisors boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 27.4% in the 4th quarter. Heritage Wealth Advisors now owns 544 shares of the company’s stock valued at $48,000 after buying an additional 117 shares during the period. Flputnam Investment Management Co. grew its stake in iShares MSCI USA Min Vol Factor ETF by 4.3% during the 4th quarter. Flputnam Investment Management Co. now owns 2,965 shares of the company’s stock worth $263,000 after buying an additional 123 shares during the last quarter. Mcdonald Partners LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 0.9% in the 4th quarter. Mcdonald Partners LLC now owns 14,625 shares of the company’s stock worth $1,299,000 after purchasing an additional 125 shares during the last quarter. Finally, Aveo Capital Partners LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 3.7% during the fourth quarter. Aveo Capital Partners LLC now owns 3,598 shares of the company’s stock valued at $319,000 after purchasing an additional 129 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS:USMV opened at $93.65 on Thursday. The stock’s 50 day moving average price is $91.54 and its 200 day moving average price is $91.76. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $82.32 and a 12 month high of $95.12. The stock has a market cap of $24.01 billion, a price-to-earnings ratio of 24.27 and a beta of 0.72.

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.