Allianz Asset Management GmbH Trims Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Allianz Asset Management GmbH lowered its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 12.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 319,342 shares of the company’s stock after selling 44,675 shares during the quarter. Allianz Asset Management GmbH’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $28,354,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in USMV. Trueblood Wealth Management LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $220,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $15,482,000. J.W. Cole Advisors Inc. increased its holdings in iShares MSCI USA Min Vol Factor ETF by 1.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 101,507 shares of the company’s stock worth $9,269,000 after acquiring an additional 1,934 shares in the last quarter. Richardson Financial Services Inc. increased its holdings in iShares MSCI USA Min Vol Factor ETF by 7.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 7,185 shares of the company’s stock worth $607,000 after acquiring an additional 477 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in iShares MSCI USA Min Vol Factor ETF by 3.7% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 14,870 shares of the company’s stock worth $1,358,000 after acquiring an additional 532 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.0 %

iShares MSCI USA Min Vol Factor ETF stock opened at $93.06 on Monday. The firm has a 50 day moving average of $90.80 and a 200 day moving average of $91.16. The firm has a market capitalization of $27.27 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.

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.