US Bancorp DE Reduces Stake in iShares MSCI USA Min Vol Factor ETF $USMV

US Bancorp DE lowered its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.6% in the 4th quarter, HoldingsChannel reports. The fund owned 728,703 shares of the company’s stock after selling 51,658 shares during the period. US Bancorp DE’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $68,615,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in iShares MSCI USA Min Vol Factor ETF by 0.7% in the third quarter. Bank of America Corp DE now owns 13,794,595 shares of the company’s stock worth $1,312,418,000 after purchasing an additional 98,221 shares during the last quarter. Raymond James Financial Inc. lifted its stake in iShares MSCI USA Min Vol Factor ETF by 1.5% in the third quarter. Raymond James Financial Inc. now owns 13,521,148 shares of the company’s stock worth $1,286,402,000 after purchasing an additional 206,108 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 2.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,977,742 shares of the company’s stock worth $659,752,000 after purchasing an additional 145,843 shares during the last quarter. Millburn Ridgefield LLC DE lifted its stake in iShares MSCI USA Min Vol Factor ETF by 5.4% in the third quarter. Millburn Ridgefield LLC DE now owns 3,752,960 shares of the company’s stock worth $357,057,000 after purchasing an additional 190,646 shares during the last quarter. Finally, UBS Group AG lifted its stake in iShares MSCI USA Min Vol Factor ETF by 2.3% in the third quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock worth $337,364,000 after purchasing an additional 80,056 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS USMV opened at $94.64 on Friday. The company has a market cap of $24.15 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $91.02 and a 1 year high of $98.07. The firm has a 50-day simple moving average of $94.46 and a two-hundred day simple moving average of $94.46.

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.