Intelligence Driven Advisers LLC Cuts Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Intelligence Driven Advisers LLC reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 73.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,132 shares of the company’s stock after selling 38,459 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,127,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 51.5% in the 3rd quarter. FMR LLC now owns 26,644,002 shares of the company’s stock worth $1,928,493,000 after buying an additional 9,059,409 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the 4th quarter. Raymond James & Associates now owns 16,080,799 shares of the company’s stock worth $1,254,785,000 after buying an additional 122,005 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 16.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,172,429 shares of the company’s stock worth $519,140,000 after buying an additional 1,000,764 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 54.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,301,031 shares of the company’s stock worth $383,689,000 after buying an additional 1,867,739 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth about $259,275,000.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.1 %

Shares of BATS:USMV traded down $0.11 during midday trading on Thursday, reaching $80.34. The company had a trading volume of 3,781,097 shares. The company’s 50 day moving average price is $81.81 and its 200 day moving average price is $78.61. The stock has a market cap of $23.54 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week 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.