Sequoia Financial Advisors LLC Has $14.73 Million Position in iShares MSCI USA Min Vol Factor ETF $USMV

Sequoia Financial Advisors LLC reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,430 shares of the company’s stock after selling 8,517 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $14,729,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 12.9% in the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after acquiring an additional 1,291 shares in the last quarter. Jane Street Group LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 366.3% in the first quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock valued at $3,323,000 after acquiring an additional 27,868 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $399,000. First Trust Advisors LP grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 39.0% in the second quarter. First Trust Advisors LP now owns 7,845 shares of the company’s stock valued at $736,000 after acquiring an additional 2,201 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 465.5% in the second quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock valued at $22,976,000 after acquiring an additional 201,483 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock opened at $94.28 on Friday. The company’s 50-day simple moving average is $94.34 and its 200 day simple moving average is $94.46. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $91.02 and a 52 week high of $98.07. The company has a market capitalization of $24.06 billion, a PE ratio of 22.90 and a beta of 0.72.

iShares MSCI USA Min Vol Factor ETF Company 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.