iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Position Raised by Millburn Ridgefield Corp

Millburn Ridgefield Corp lifted its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,651,407 shares of the company’s stock after purchasing an additional 180,849 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up about 8.1% of Millburn Ridgefield Corp’s portfolio, making the stock its 4th largest holding. Millburn Ridgefield Corp’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $324,208,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in USMV. Darrow Company Inc. grew its position in iShares MSCI USA Min Vol Factor ETF by 0.8% during the 4th quarter. Darrow Company Inc. now owns 154,918 shares of the company’s stock valued at $13,755,000 after purchasing an additional 1,256 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $1,529,000. SpiderRock Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter valued at approximately $629,000. Advisors Preferred LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $438,000. Finally, Integrated Wealth Concepts LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 7.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 634,509 shares of the company’s stock worth $57,937,000 after acquiring an additional 43,846 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 4.9 %

Shares of USMV opened at $92.99 on Monday. The company has a market cap of $27.25 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The business’s fifty day simple moving average is $90.69 and its two-hundred day simple moving average is $90.90. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month 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.