Spectrum Asset Management Inc. NB CA Has $4.57 Million Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Spectrum Asset Management Inc. NB CA trimmed its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 59.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,279 shares of the company’s stock after selling 73,483 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises about 1.5% of Spectrum Asset Management Inc. NB CA’s investment portfolio, making the stock its 20th largest position. Spectrum Asset Management Inc. NB CA’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $4,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in USMV. Morgan Stanley boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 3.2% in the 4th quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock valued at $1,434,701,000 after purchasing an additional 465,870 shares in the last quarter. Bank of America Corp DE increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% during the 3rd quarter. Bank of America Corp DE now owns 13,794,595 shares of the company’s stock worth $1,312,418,000 after purchasing an additional 98,221 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.9% during the 4th quarter. Raymond James Financial Inc. now owns 13,773,118 shares of the company’s stock worth $1,296,877,000 after purchasing an additional 251,970 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,977,742 shares of the company’s stock worth $659,752,000 after purchasing an additional 145,843 shares in the last quarter. Finally, UBS Group AG lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 2.3% during the 3rd quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock valued at $337,364,000 after purchasing an additional 80,056 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 1.2%

BATS:USMV opened at $95.99 on Friday. The firm has a market cap of $24.50 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $91.02 and a 12 month high of $98.07. The company’s 50-day moving average price is $95.18 and its two-hundred day moving average price is $94.86.

iShares MSCI USA Min Vol Factor ETF Company 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.