Cutter & CO Brokerage Inc. Cuts Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Cutter & CO Brokerage Inc. lowered its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,890 shares of the company’s stock after selling 224 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in USMV. GAMMA Investing LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $134,000. Sage Mountain Advisors LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 18.8% during the 4th quarter. Sage Mountain Advisors LLC now owns 15,674 shares of the company’s stock valued at $1,223,000 after acquiring an additional 2,484 shares during the last quarter. Armbruster Capital Management Inc. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 19.3% in the fourth quarter. Armbruster Capital Management Inc. now owns 176,673 shares of the company’s stock valued at $13,786,000 after purchasing an additional 28,588 shares in the last quarter. Telemus Capital LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 8.0% in the fourth quarter. Telemus Capital LLC now owns 350,888 shares of the company’s stock valued at $27,380,000 after purchasing an additional 26,036 shares in the last quarter. Finally, Criterion Capital Advisors LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $42,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock traded up $0.30 during trading on Wednesday, hitting $81.17. 2,727,923 shares of the company’s stock traded hands. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of 25.31 and a beta of 0.59. The business has a fifty day simple moving average of $81.76 and a 200 day simple moving average of $78.31.

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.