VestGen Advisors LLC cut its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 30.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 53,535 shares of the company’s stock after selling 23,398 shares during the period. VestGen Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $5,008,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at about $130,668,000. JPMorgan Chase & Co. lifted its position in shares of 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. Cetera Investment Advisers lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 26.3% during the second quarter. Cetera Investment Advisers now owns 2,142,277 shares of the company’s stock worth $201,096,000 after purchasing an additional 445,896 shares in the last quarter. Truist Financial Corp boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 147.7% in the second quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock valued at $68,678,000 after purchasing an additional 436,281 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 400.2% in the first quarter. Russell Investments Group Ltd. now owns 538,501 shares of the company’s stock valued at $50,436,000 after purchasing an additional 430,843 shares in the last quarter.
iShares MSCI USA Min Vol Factor ETF Stock Up 7.5%
Shares of USMV opened at $95.28 on Friday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $83.99 and a fifty-two week high of $95.12. The firm’s 50 day moving average price is $94.13 and its 200 day moving average price is $93.63. The company has a market cap of $24.31 billion, a P/E 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.
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