Securian Asset Management Inc. Sells 37,000 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Securian Asset Management Inc. lessened its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 870,287 shares of the company’s stock after selling 37,000 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up 3.1% of Securian Asset Management Inc.’s holdings, making the stock its 7th biggest position. Securian Asset Management Inc. owned about 0.34% of iShares MSCI USA Min Vol Factor ETF worth $81,946,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Frankly Finances LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at $25,000. Investors Research Corp acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $26,000. Elevated Capital Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $29,000. Chapman Financial Group LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $29,000. Finally, Manning & Napier Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $30,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS:USMV opened at $94.03 on Monday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $91.02 and a 52 week high of $98.07. The company has a market capitalization of $24.00 billion, a P/E ratio of 22.90 and a beta of 0.72. The stock’s fifty day moving average is $94.34 and its two-hundred day moving average is $94.46.

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.