Summit X LLC Trims Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Summit X LLC lowered its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.7% during the fourth quarter, Holdings Channel reports. The fund owned 12,374 shares of the company’s stock after selling 212 shares during the quarter. Summit X LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,099,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $28,000. AlphaMark Advisors LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth about $30,000. Valued Wealth Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $30,000. Sound Income Strategies LLC boosted its position in shares of 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 acquiring an additional 143 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $46,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 3.7 %

Shares of USMV opened at $91.90 on Wednesday. The firm has a market capitalization of $23.35 billion, a P/E ratio of 24.43 and a beta of 0.79. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The stock’s fifty day simple moving average is $91.71 and its 200 day simple moving average is $91.58.

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.