Concourse Financial Group Securities Inc. trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 2.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 29,910 shares of the company’s stock after selling 696 shares during the quarter. Concourse Financial Group Securities Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,711,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Howe & Rusling Inc. grew its holdings in iShares MSCI USA Min Vol Factor ETF by 94.2% in the 4th quarter. Howe & Rusling Inc. now owns 301 shares of the company’s stock valued at $27,000 after buying an additional 146 shares in the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $27,000. Stonebridge Financial Group LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $28,000. AlphaMark Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $30,000. Finally, Valued Wealth Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $30,000.
iShares MSCI USA Min Vol Factor ETF Price Performance
iShares MSCI USA Min Vol Factor ETF stock opened at $90.00 on Friday. The firm has a 50 day simple moving average of $91.98 and a 200-day simple moving average of $91.60. The stock has a market cap of $23.05 billion, a price-to-earnings ratio of 24.22 and a beta of 0.74. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $80.05 and a 1-year high of $95.12.
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.
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