iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 309,667 shares of the company’s stock after selling 22,051 shares during the period. Park Avenue Securities LLC owned approximately 0.12% of iShares MSCI USA Min Vol Factor ETF worth $29,158,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% during the 3rd quarter. Bank of America Corp DE now owns 13,794,595 shares of the company’s stock worth $1,312,418,000 after acquiring an additional 98,221 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% during the third quarter. Raymond James Financial Inc. now owns 13,521,148 shares of the company’s stock worth $1,286,402,000 after purchasing an additional 206,108 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,831,899 shares of the company’s stock worth $650,670,000 after purchasing an additional 156,234 shares during the period. Millburn Ridgefield LLC DE lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.4% during the third quarter. Millburn Ridgefield LLC DE now owns 3,752,960 shares of the company’s stock valued at $357,057,000 after purchasing an additional 190,646 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% during the third quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock valued at $337,364,000 after purchasing an additional 80,056 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.2%

BATS:USMV opened at $93.28 on Friday. The stock has a fifty day simple moving average of $95.51 and a 200 day simple moving average of $94.65. The firm has a market capitalization of $23.81 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $83.99 and a 1-year high of $98.07.

iShares MSCI USA Min Vol Factor ETF 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.