Transcend Capital Advisors LLC Has $1.73 Million Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Transcend Capital Advisors LLC cut its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 14.1% in the 4th quarter, HoldingsChannel reports. The fund owned 22,144 shares of the company’s stock after selling 3,642 shares during the period. Transcend Capital Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,728,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ergawealth Advisors Inc. increased its holdings in iShares MSCI USA Min Vol Factor ETF by 2.5% during the 4th quarter. Ergawealth Advisors Inc. now owns 28,281 shares of the company’s stock worth $2,207,000 after purchasing an additional 696 shares in the last quarter. White Pine Investment CO grew its holdings in iShares MSCI USA Min Vol Factor ETF by 0.4% during the fourth quarter. White Pine Investment CO now owns 152,434 shares of the company’s stock worth $11,894,000 after buying an additional 668 shares in the last quarter. Investment Advisory Group LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 1.8% in the 4th quarter. Investment Advisory Group LLC now owns 70,236 shares of the company’s stock valued at $5,481,000 after buying an additional 1,263 shares during the last quarter. Criterion Capital Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $42,000. Finally, Confluence Wealth Services Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth $4,176,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS USMV traded down $0.29 during trading on Friday, hitting $80.93. The stock had a trading volume of 2,421,659 shares. The firm has a fifty day moving average of $81.80 and a two-hundred day moving average of $78.45. The company has a market capitalization of $23.66 billion, a PE ratio of 25.31 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month 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.