Kastel Capital Advisors LLC Trims Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Kastel Capital Advisors LLC reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 58.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,922 shares of the company’s stock after selling 17,977 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for 0.7% of Kastel Capital Advisors LLC’s portfolio, making the stock its 27th largest position. Kastel Capital Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Stanley grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 3.2% during the 4th quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock worth $1,434,701,000 after acquiring an additional 465,870 shares during the period. Raymond James Financial Inc. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.9% in the 4th quarter. Raymond James Financial Inc. now owns 13,773,118 shares of the company’s stock valued at $1,296,877,000 after purchasing an additional 251,970 shares during the period. Catalyst Capital Advisors LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 13.0% during the first quarter. Catalyst Capital Advisors LLC now owns 4,242,597 shares of the company’s stock valued at $393,458,000 after purchasing an additional 489,637 shares in the last quarter. UBS Group AG boosted its position 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 purchasing an additional 80,056 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,542,763 shares of the company’s stock valued at $333,587,000 after purchasing an additional 198,476 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV stock opened at $100.62 on Monday. The business’s fifty day moving average is $96.80 and its 200 day moving average is $95.55. The stock has a market cap of $25.68 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $91.02 and a twelve month high of $100.72.

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.