Apella Capital LLC cut its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,265 shares of the company’s stock after selling 6,077 shares during the period. Apella Capital LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $9,677,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in USMV. Commonwealth Retirement Investments LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at $34,000. Beacon Financial Strategies CORP purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter worth about $42,000. Merkkuri Wealth Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the first quarter worth about $42,000. Hyposwiss Advisors SA purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $57,000. Finally, Union Savings Bank bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth about $70,000.
iShares MSCI USA Min Vol Factor ETF Price Performance
BATS USMV traded up $0.24 during trading on Thursday, reaching $99.73. 733,658 shares of the company’s stock traded hands, compared to its average volume of 2,293,301. The firm has a market cap of $25.45 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The company’s 50 day simple moving average is $99.84 and its two-hundred day simple moving average is $96.85. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $102.21.
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.
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