Truepoint Inc. Cuts Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Truepoint Inc. decreased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 52.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,098 shares of the company’s stock after selling 3,485 shares during the quarter. Truepoint Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $260,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Gleason Group Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at about $32,000. Hantz Financial Services Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $33,000. Naples Money Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 1st quarter worth approximately $41,000. Gradient Investments LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 49,700.0% in the 2nd quarter. Gradient Investments LLC now owns 498 shares of the company’s stock valued at $42,000 after acquiring an additional 497 shares in the last quarter. Finally, Family Firm Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at $44,000.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.7 %

iShares MSCI USA Min Vol Factor ETF stock opened at $90.21 on Friday. The firm has a market cap of $26.43 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month high of $55.45. The stock has a fifty day simple moving average of $86.99 and a two-hundred day simple moving average of $83.93.

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.