Daiwa Securities Group Inc. Cuts Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Daiwa Securities Group Inc. lessened its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,650 shares of the company’s stock after selling 800 shares during the period. Daiwa Securities Group Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,712,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. SpiderRock Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at about $629,000. Headlands Technologies LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at approximately $30,000. EdgeRock Capital LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 5.3% in the 3rd quarter. EdgeRock Capital LLC now owns 67,158 shares of the company’s stock worth $6,132,000 after purchasing an additional 3,371 shares in the last quarter. QRG Capital Management Inc. grew its position in iShares MSCI USA Min Vol Factor ETF by 36.5% during the 2nd quarter. QRG Capital Management Inc. now owns 4,752 shares of the company’s stock worth $399,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Banco Santander S.A. increased its stake in iShares MSCI USA Min Vol Factor ETF by 1.2% during the 2nd quarter. Banco Santander S.A. now owns 99,199 shares of the company’s stock valued at $8,329,000 after purchasing an additional 1,200 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.6 %

BATS:USMV opened at $94.48 on Wednesday. The company has a market capitalization of $27.68 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month high of $55.45. The firm has a fifty day simple moving average of $91.74 and a 200-day simple moving average of $88.03.

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.