iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC lowered its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 23.4% during the second quarter, HoldingsChannel reports. The firm owned 10,203 shares of the company’s stock after selling 3,112 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $958,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in USMV. Bank of Montreal Can lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 9.9% in the second quarter. Bank of Montreal Can now owns 44,819 shares of the company’s stock worth $4,207,000 after acquiring an additional 4,045 shares in the last quarter. Accurate Wealth Management LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $203,000. Symmetry Partners LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 10.1% during the 2nd quarter. Symmetry Partners LLC now owns 263,164 shares of the company’s stock worth $24,703,000 after purchasing an additional 24,219 shares during the last quarter. MinichMacGregor Wealth Management LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at approximately $283,000. Finally, Allworth Financial LP boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 30.1% during the 2nd quarter. Allworth Financial LP now owns 78,585 shares of the company’s stock valued at $7,377,000 after buying an additional 18,167 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.7%

USMV stock opened at $93.67 on Wednesday. The firm has a 50 day simple moving average of $94.09 and a 200-day simple moving average of $93.55. The company has a market capitalization of $23.90 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $95.12.

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.