ProVise Management Group LLC Sells 440 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

ProVise Management Group LLC lessened its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,626 shares of the company’s stock after selling 440 shares during the period. ProVise Management Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $855,000 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 modified their holdings of the company. Anchor Investment Management LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 6.0% in the 3rd quarter. Anchor Investment Management LLC now owns 1,983 shares of the company’s stock valued at $181,000 after acquiring an additional 112 shares during the period. Smart Portfolios LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.2% during the 4th quarter. Smart Portfolios LLC now owns 5,235 shares of the company’s stock worth $465,000 after buying an additional 112 shares during the last quarter. Flputnam Investment Management Co. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 4.3% during the 4th quarter. Flputnam Investment Management Co. now owns 2,965 shares of the company’s stock worth $263,000 after buying an additional 123 shares during the last quarter. Mcdonald Partners LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% during the 4th quarter. Mcdonald Partners LLC now owns 14,625 shares of the company’s stock worth $1,299,000 after buying an additional 125 shares during the last quarter. Finally, Aveo Capital Partners LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 3.7% during the 4th quarter. Aveo Capital Partners LLC now owns 3,598 shares of the company’s stock worth $319,000 after buying an additional 129 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS USMV opened at $92.83 on Thursday. The firm has a 50-day moving average of $92.11 and a 200-day moving average of $91.64. The stock has a market cap of $24.23 billion, a PE ratio of 24.03 and a beta of 0.77. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $79.69 and a 52-week high of $95.12.

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.