TD Capital Management LLC Lowers Position in iShares MSCI USA Min Vol Factor ETF $USMV

TD Capital Management LLC lowered its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,654 shares of the company’s stock after selling 11,140 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises about 1.1% of TD Capital Management LLC’s portfolio, making the stock its 23rd largest position. TD Capital Management LLC owned about 0.05% of iShares MSCI USA Min Vol Factor ETF worth $12,773,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of USMV. Becker Capital Management Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $569,000. Hibernia Wealth Partners LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 66.1% in the 4th quarter. Hibernia Wealth Partners LLC now owns 63,378 shares of the company’s stock worth $5,968,000 after purchasing an additional 25,216 shares during the period. Western Wealth Management LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 28.4% in the fourth quarter. Western Wealth Management LLC now owns 74,251 shares of the company’s stock worth $6,992,000 after purchasing an additional 16,434 shares during the last quarter. Chatterton & Associates Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at about $851,000. Finally, Concurrent Investment Advisors LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 9.9% during the fourth quarter. Concurrent Investment Advisors LLC now owns 93,655 shares of the company’s stock valued at $8,819,000 after buying an additional 8,469 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.4%

Shares of BATS:USMV opened at $94.24 on Friday. The stock has a market capitalization of $24.05 billion, a P/E ratio of 22.90 and a beta of 0.72. The stock’s 50-day moving average price is $95.04 and its 200-day moving average price is $94.85. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month 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.