Modus Advisors LLC Has $9.83 Million Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Modus Advisors LLC reduced its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,738 shares of the company’s stock after selling 3,109 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises about 3.1% of Modus Advisors LLC’s portfolio, making the stock its 6th biggest position. Modus Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $9,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of USMV. Carrera Capital Advisors bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $33,148,000. LPL Financial LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 6.9% in the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after purchasing an additional 346,414 shares during the period. Sanctuary Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth $18,422,000. Bank of Montreal Can grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 572.4% in the 2nd quarter. Bank of Montreal Can now owns 250,380 shares of the company’s stock valued at $21,142,000 after buying an additional 213,145 shares during the period. Finally, Magnolia Capital Advisors LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 867.8% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 219,897 shares of the company’s stock worth $18,463,000 after buying an additional 197,175 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock traded down $0.13 during mid-day trading on Friday, hitting $88.66. 1,399,153 shares of the company were exchanged. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45. The firm’s 50 day simple moving average is $91.68 and its 200 day simple moving average is $89.53. The firm has a market cap of $25.98 billion, a P/E ratio of 25.30 and a beta of 0.59.

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.