Savant Capital LLC Reduces Position in iShares MSCI USA Min Vol Factor ETF $USMV

Savant Capital LLC lowered its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,225 shares of the company’s stock after selling 2,103 shares during the period. Savant Capital LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $8,376,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of USMV. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,675,665 shares of the company’s stock valued at $628,581,000 after purchasing an additional 51,463 shares in the last quarter. LPL Financial LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 3.4% during the first quarter. LPL Financial LLC now owns 5,876,594 shares of the company’s stock worth $550,402,000 after buying an additional 190,680 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% in the second quarter. Envestnet Asset Management Inc. now owns 4,686,964 shares of the company’s stock worth $439,962,000 after buying an additional 81,787 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 17.3% in the first quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock valued at $360,219,000 after acquiring an additional 568,565 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 10.7% in the first quarter. Ameriprise Financial Inc. now owns 2,440,656 shares of the company’s stock valued at $228,646,000 after acquiring an additional 235,117 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS USMV opened at $92.95 on Friday. The company has a market capitalization of $23.72 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12. The company’s fifty day moving average price is $94.11 and its two-hundred day moving average price is $93.39.

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.