Clearwater Capital Advisors LLC Sells 173 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Clearwater Capital Advisors LLC cut its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,958 shares of the company’s stock after selling 173 shares during the quarter. Clearwater Capital Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $263,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in USMV. Raymond James Financial Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $1,176,338,000. Lockheed Martin Investment Management Co. bought a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $62,801,000. LPL Financial LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 6.9% in the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after acquiring an additional 346,414 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 6,039.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 285,738 shares of the company’s stock valued at $25,371,000 after acquiring an additional 281,084 shares during the last quarter. Finally, Independent Advisor Alliance bought a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $17,861,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS:USMV opened at $92.09 on Monday. The company’s 50 day simple moving average is $91.87 and its 200 day simple moving average is $91.61. The stock has a market capitalization of $24.04 billion, a price-to-earnings ratio of 24.03 and a beta of 0.77. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45.

iShares MSCI USA Min Vol Factor ETF 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.