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

Transcend Capital Advisors LLC reduced its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 50.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,388 shares of the company’s stock after selling 9,652 shares during the period. Transcend Capital Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in USMV. Eastern Bank acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth $92,000. Global Trust Asset Management LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 32.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 1,445 shares of the company’s stock worth $132,000 after acquiring an additional 350 shares during the last quarter. Trueblood Wealth Management LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth about $220,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at about $15,482,000. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.9% in the third quarter. J.W. Cole Advisors Inc. now owns 101,507 shares of the company’s stock valued at $9,269,000 after purchasing an additional 1,934 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.0 %

iShares MSCI USA Min Vol Factor ETF stock opened at $93.06 on Friday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45. The stock has a 50-day moving average price of $90.80 and a 200 day moving average price of $91.08. The company has a market capitalization of $27.27 billion, a price-to-earnings 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.