Raymond James Financial Services Advisors Inc. Reduces Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Raymond James Financial Services Advisors Inc. lessened its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,435,220 shares of the company’s stock after selling 222,986 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 1.52% of iShares MSCI USA Min Vol Factor ETF worth $370,696,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in USMV. Keener Financial Planning LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $26,000. Horrell Capital Management Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $27,000. Global Trust Asset Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $27,000. M&R Capital Management Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $34,000. Finally, SYM FINANCIAL Corp boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 232.9% in the 4th quarter. SYM FINANCIAL Corp now owns 486 shares of the company’s stock worth $38,000 after purchasing an additional 340 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV stock traded down $0.83 on Tuesday, reaching $80.45. 2,278,476 shares of the company traded hands. The firm has a fifty day simple moving average of $81.82 and a 200-day simple moving average of $78.60. The company has a market cap of $23.52 billion, a P/E ratio of 25.31 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45.

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.