Clearwater Capital Advisors LLC Has $263,000 Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Clearwater Capital Advisors LLC lowered its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,958 shares of the company’s stock after selling 173 shares during the period. Clearwater Capital Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $263,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in USMV. Oppenheimer & Co. Inc. boosted its position in iShares MSCI USA Min Vol Factor ETF by 21.7% in the third quarter. Oppenheimer & Co. Inc. now owns 7,447 shares of the company’s stock valued at $680,000 after buying an additional 1,326 shares in the last quarter. Sugar Maple Asset Management LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 2.0% in the third quarter. Sugar Maple Asset Management LLC now owns 46,073 shares of the company’s stock valued at $4,207,000 after buying an additional 889 shares in the last quarter. New England Asset Management Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth $2,662,000. PNC Financial Services Group Inc. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% during the third quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock worth $904,426,000 after purchasing an additional 91,948 shares during the period. Finally, Strategy Asset Managers LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 8.9% during the third quarter. Strategy Asset Managers LLC now owns 18,758 shares of the company’s stock worth $1,713,000 after purchasing an additional 1,534 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS:USMV opened at $92.09 on Monday. The firm has a market cap of $24.04 billion, a PE ratio of 24.03 and a beta of 0.77. The firm’s fifty day moving average is $91.87 and its 200-day moving average is $91.61. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week 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.