JPMorgan Chase & Co. Reduces Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

JPMorgan Chase & Co. reduced its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,277,464 shares of the company’s stock after selling 209,097 shares during the period. JPMorgan Chase & Co.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $291,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. VSM Wealth Advisory LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $27,000. Stonebridge Financial Group LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $28,000. AlphaMark Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $30,000. Valued Wealth Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at approximately $30,000. Finally, Sound Income Strategies LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 65.0% in the 4th quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock worth $32,000 after buying an additional 143 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV stock opened at $92.75 on Monday. The stock has a market capitalization of $24.21 billion, a price-to-earnings ratio of 24.03 and a beta of 0.77. The company’s fifty day simple moving average is $92.67 and its two-hundred day simple moving average is $91.77. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $79.69 and a 1 year high of $95.12.

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.