Summit Investment Advisory Services LLC Cuts Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Summit Investment Advisory Services LLC lowered its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,165 shares of the company’s stock after selling 1,705 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for about 1.2% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 14th biggest holding. Summit Investment Advisory Services LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of USMV. AlphaMark Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $30,000. Sound Income Strategies LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 65.0% during the 4th quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $32,000 after purchasing an additional 143 shares during the period. Fortitude Family Office LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at about $38,000. Bfsg LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 116.9% in the 3rd quarter. Bfsg LLC now owns 423 shares of the company’s stock worth $39,000 after purchasing an additional 228 shares during the period. Finally, Arrow Financial Corp purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth approximately $45,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS:USMV opened at $90.97 on Friday. The firm has a market capitalization of $26.65 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The business has a fifty day moving average price of $90.96 and a 200-day moving average price of $90.17. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45.

iShares MSCI USA Min Vol Factor ETF 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.