iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Sold by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC trimmed its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 24,039 shares of the company’s stock after selling 1,274 shares during the period. Shufro Rose & Co. LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in USMV. FMR LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 51.5% in the 3rd quarter. FMR LLC now owns 26,644,002 shares of the company’s stock valued at $1,928,493,000 after acquiring an additional 9,059,409 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth about $259,275,000. Envestnet Portfolio Solutions Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth about $246,963,000. International Assets Investment Management LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth about $216,845,000. Finally, PNC Financial Services Group Inc. grew its position in iShares MSCI USA Min Vol Factor ETF by 54.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,301,031 shares of the company’s stock worth $383,689,000 after purchasing an additional 1,867,739 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.4 %

USMV traded down $0.29 during midday trading on Friday, hitting $80.93. 2,421,659 shares of the company were exchanged. The company’s 50 day simple moving average is $81.80 and its 200 day simple moving average is $78.45. The firm has a market capitalization of $23.66 billion, a price-to-earnings ratio of 25.31 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45.

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.