Center For Asset Management LLC Sells 1,327 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Center For Asset Management LLC lowered its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,275 shares of the company’s stock after selling 1,327 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for 1.0% of Center For Asset Management LLC’s portfolio, making the stock its 28th largest position. Center For Asset Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

iShares MSCI USA Min Vol Factor ETF Trading Up 2.6 %

Shares of BATS:USMV opened at $90.97 on Monday. The company has a 50 day moving average of $90.96 and a 200 day moving average of $90.21. The stock has a market cap of $26.65 billion, a P/E 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.

iShares MSCI USA Min Vol Factor ETF Company 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.