Cidel Asset Management Inc. Sells 425 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Cidel Asset Management Inc. reduced its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,285 shares of the company’s stock after selling 425 shares during the period. Cidel Asset Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Advisory Inc. boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 8.9% in the 1st quarter. Brown Advisory Inc. now owns 16,950 shares of the company’s stock worth $1,588,000 after buying an additional 1,387 shares during the last quarter. Accurate Wealth Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth $203,000. Symmetry Partners LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 10.1% in the 2nd quarter. Symmetry Partners LLC now owns 263,164 shares of the company’s stock worth $24,703,000 after buying an additional 24,219 shares during the last quarter. MinichMacGregor Wealth Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth $283,000. Finally, Townsquare Capital LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 7.3% in the 1st quarter. Townsquare Capital LLC now owns 53,888 shares of the company’s stock worth $5,047,000 after buying an additional 3,666 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV stock opened at $94.09 on Monday. The company has a market cap of $24.01 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 $83.99 and a 1 year high of $95.12. The stock’s fifty day moving average price is $94.13 and its 200-day moving average price is $92.90.

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.