OVERSEA CHINESE BANKING Corp Ltd Trims Position in iShares MSCI USA Min Vol Factor ETF $USMV

OVERSEA CHINESE BANKING Corp Ltd cut its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 94.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,843 shares of the company’s stock after selling 139,665 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $738,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Bank of America Corp DE increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% during the third quarter. Bank of America Corp DE now owns 13,794,595 shares of the company’s stock valued at $1,312,418,000 after buying an additional 98,221 shares during the period. Raymond James Financial Inc. increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% during the third quarter. Raymond James Financial Inc. now owns 13,521,148 shares of the company’s stock valued at $1,286,402,000 after buying an additional 206,108 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,977,742 shares of the company’s stock valued at $659,752,000 after buying an additional 145,843 shares during the period. Millburn Ridgefield LLC DE increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 5.4% during the third quarter. Millburn Ridgefield LLC DE now owns 3,752,960 shares of the company’s stock valued at $357,057,000 after buying an additional 190,646 shares during the period. Finally, UBS Group AG increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% during the third quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock valued at $337,364,000 after buying an additional 80,056 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV opened at $94.09 on Thursday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $89.85 and a 52-week high of $98.07. The stock has a market capitalization of $24.01 billion, a PE ratio of 22.90 and a beta of 0.72. The stock’s 50 day moving average price is $94.68 and its 200-day moving average price is $94.49.

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.