Summit Trail Advisors LLC Reduces Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Summit Trail Advisors LLC decreased its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.0% in the third quarter, HoldingsChannel.com reports. The fund owned 25,907 shares of the company’s stock after selling 1,092 shares during the period. Summit Trail Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SpiderRock Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter worth $629,000. Headlands Technologies LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter worth $30,000. EdgeRock Capital LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 5.3% in the third 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. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 36.5% in the second 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 in the last quarter. Finally, Banco Santander S.A. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 1.2% in the second quarter. Banco Santander S.A. now owns 99,199 shares of the company’s stock worth $8,329,000 after purchasing an additional 1,200 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.5 %

USMV opened at $93.46 on Monday. The stock has a fifty day simple moving average of $91.64 and a two-hundred day simple moving average of $87.87. The company has a market cap of $27.38 billion, a price-to-earnings 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.

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.