Concurrent Investment Advisors LLC Sells 57,365 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Concurrent Investment Advisors LLC reduced its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 45.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,671 shares of the company’s stock after selling 57,365 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,186,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Capital Investment Advisors LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth about $203,000. Whittier Trust Co. boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 73.6% in the 3rd quarter. Whittier Trust Co. now owns 25,011 shares of the company’s stock worth $2,284,000 after purchasing an additional 10,600 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 66,647 shares of the company’s stock worth $6,086,000 after purchasing an additional 3,369 shares in the last quarter. Eastern Bank purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth about $92,000. Finally, Greenleaf Trust boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.7% in the 3rd quarter. Greenleaf Trust now owns 10,457 shares of the company’s stock worth $955,000 after purchasing an additional 275 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.7 %

USMV opened at $93.71 on Thursday. The stock has a 50-day moving average price of $90.74 and a 200-day moving average price of $91.01. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The stock has a market capitalization of $27.46 billion, a P/E ratio of 25.30 and a beta of 0.59.

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.