Envestnet Portfolio Solutions Inc. Trims Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Envestnet Portfolio Solutions Inc. reduced its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 17.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 213,303 shares of the company’s stock after selling 46,657 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $18,939,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Millburn Ridgefield Corp increased its position in iShares MSCI USA Min Vol Factor ETF by 5.2% in the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock valued at $324,208,000 after acquiring an additional 180,849 shares during the period. Darrow Company Inc. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the fourth quarter. Darrow Company Inc. now owns 154,918 shares of the company’s stock valued at $13,755,000 after purchasing an additional 1,256 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $1,529,000. Advisors Preferred LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $438,000. Finally, MONECO Advisors LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 0.4% in the 4th quarter. MONECO Advisors LLC now owns 106,286 shares of the company’s stock valued at $9,437,000 after buying an additional 427 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $92.09 on Monday. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The company has a market cap of $24.04 billion, a P/E ratio of 24.03 and a beta of 0.77. The firm has a fifty day moving average of $91.87 and a two-hundred day moving average of $91.61.

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.