Schmidt P J Investment Management Inc. Cuts Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Schmidt P J Investment Management Inc. cut its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 11.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,173 shares of the company’s stock after selling 655 shares during the period. Schmidt P J Investment Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $459,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SpiderRock Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at approximately $629,000. EdgeRock Capital LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.3% during the third quarter. EdgeRock Capital LLC now owns 67,158 shares of the company’s stock valued at $6,132,000 after purchasing an additional 3,371 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 7.4% during the third quarter. Integrated Wealth Concepts LLC now owns 634,509 shares of the company’s stock valued at $57,937,000 after buying an additional 43,846 shares during the last quarter. Bell Investment Advisors Inc boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 42.2% during the third quarter. Bell Investment Advisors Inc now owns 38,509 shares of the company’s stock valued at $3,516,000 after buying an additional 11,432 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in iShares MSCI USA Min Vol Factor ETF by 149.9% in the 3rd quarter. Quantinno Capital Management LP now owns 6,366 shares of the company’s stock worth $581,000 after buying an additional 3,819 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV opened at $93.12 on Thursday. The company’s 50-day simple moving average is $90.85 and its two-hundred day simple moving average is $90.51. The stock has a market capitalization of $27.28 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45.

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.