Hoese & Co LLP Reduces Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Hoese & Co LLP cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 39.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,472 shares of the company’s stock after selling 16,899 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises about 2.0% of Hoese & Co LLP’s holdings, making the stock its 12th largest position. Hoese & Co LLP’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth about $130,668,000. JPMorgan Chase & Co. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 17.3% during the first quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock worth $360,219,000 after purchasing an additional 568,565 shares in the last quarter. Truist Financial Corp lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 147.7% during the 2nd quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock worth $68,678,000 after buying an additional 436,281 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 400.2% during the 1st quarter. Russell Investments Group Ltd. now owns 538,501 shares of the company’s stock worth $50,436,000 after buying an additional 430,843 shares during the last quarter. Finally, Ascent Group LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1,116.1% in the 2nd quarter. Ascent Group LLC now owns 308,114 shares of the company’s stock valued at $28,923,000 after buying an additional 282,778 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS USMV opened at $94.09 on Friday. The firm’s fifty day moving average price is $94.13 and its 200 day moving average price is $92.91. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12. The company has a market capitalization of $24.01 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

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.