Northwestern Mutual Wealth Management Co. lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 98.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,145 shares of the company’s stock after selling 1,769,116 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,650,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Win Advisors Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at about $899,000. Becker Capital Management Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at about $569,000. Western Wealth Management LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 28.4% during the 4th quarter. Western Wealth Management LLC now owns 74,251 shares of the company’s stock valued at $6,992,000 after buying an additional 16,434 shares during the last quarter. Chatterton & Associates Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $851,000. Finally, Dara Capital US Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $542,000.
iShares MSCI USA Min Vol Factor ETF Stock Performance
BATS USMV opened at $96.88 on Tuesday. The stock has a 50-day simple moving average of $94.03 and a two-hundred day simple moving average of $94.58. The firm has a market capitalization of $24.72 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $98.07.
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.
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