iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 673,550 shares of the company’s stock after selling 5,295 shares during the quarter. HighTower Advisors LLC owned about 0.26% of iShares MSCI USA Min Vol Factor ETF worth $64,082,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in USMV. Ameriprise Financial Inc. lifted its position in iShares MSCI USA Min Vol Factor ETF by 18.5% during the second quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock worth $271,634,000 after buying an additional 452,184 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 26.3% in the 2nd quarter. Cetera Investment Advisers now owns 2,142,277 shares of the company’s stock worth $201,096,000 after acquiring an additional 445,896 shares during the last quarter. Portfolio Design Labs LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth $34,671,000. Bank of New York Mellon Corp raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 22.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,207,864 shares of the company’s stock worth $113,382,000 after acquiring an additional 224,484 shares during the period. Finally, Qube Research & Technologies Ltd raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 465.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock worth $22,976,000 after acquiring an additional 201,483 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 1.1%

Shares of USMV opened at $96.19 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month high of $96.55. The firm has a 50-day moving average price of $94.76 and a 200 day moving average price of $94.25. The firm has a market capitalization of $24.55 billion, a P/E ratio of 22.90 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.