MAI Capital Management lowered its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 159,538 shares of the company’s stock after selling 5,722 shares during the period. MAI Capital Management’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $14,567,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in USMV. Headlands Technologies LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth $30,000. Gleason Group Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at $32,000. Hantz Financial Services Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at $33,000. Strategic Financial Concepts LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at about $35,000. Finally, Fortitude Family Office LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $38,000.
iShares MSCI USA Min Vol Factor ETF Stock Performance
Shares of BATS USMV opened at $91.49 on Tuesday. The stock has a market cap of $26.81 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45. The firm’s 50-day simple moving average is $91.47 and its 200 day simple moving average is $87.49.
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.
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