Dravo Bay LLC Sells 5,987 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Dravo Bay LLC cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 30.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,583 shares of the company’s stock after selling 5,987 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for approximately 0.7% of Dravo Bay LLC’s portfolio, making the stock its 27th largest position. Dravo Bay LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,060,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of USMV. Bank of New York Mellon Corp increased its position in iShares MSCI USA Min Vol Factor ETF by 120.0% in the third quarter. Bank of New York Mellon Corp now owns 1,743,289 shares of the company’s stock worth $126,179,000 after purchasing an additional 951,050 shares during the last quarter. Concord Wealth Partners lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 25.1% in the 3rd quarter. Concord Wealth Partners now owns 5,784 shares of the company’s stock valued at $419,000 after buying an additional 1,162 shares during the period. Verdence Capital Advisors LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 29.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 17,637 shares of the company’s stock worth $1,277,000 after purchasing an additional 4,038 shares during the period. BluePath Capital Management LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $58,000. Finally, Brighton Jones LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 25.9% in the 3rd quarter. Brighton Jones LLC now owns 6,614 shares of the company’s stock worth $479,000 after purchasing an additional 1,362 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.0 %

USMV traded up $0.02 on Wednesday, reaching $82.14. The company’s stock had a trading volume of 1,159,756 shares. The company has a market capitalization of $24.07 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45. The stock has a 50 day moving average of $81.81 and a two-hundred day moving average of $78.91.

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.