iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC trimmed its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 75.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,105 shares of the company’s stock after selling 125,830 shares during the quarter. Manning & Napier Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in USMV. AlphaMark Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $30,000. Valued Wealth Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $30,000. Sound Income Strategies LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 65.0% in the 4th quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock worth $32,000 after buying an additional 143 shares in the last quarter. Fortitude Family Office LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at $38,000. Finally, Bfsg LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 116.9% during the 3rd quarter. Bfsg LLC now owns 423 shares of the company’s stock worth $39,000 after acquiring an additional 228 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $91.52 on Thursday. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The stock’s fifty day moving average is $90.98 and its 200-day moving average is $90.30. The firm has a market capitalization of $26.81 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

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.