Schmidt P J Investment Management Inc. Has $532,000 Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Schmidt P J Investment Management Inc. reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.3% during the third quarter, Holdings Channel.com reports. The fund owned 5,828 shares of the company’s stock after selling 136 shares during the period. Schmidt P J Investment Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $532,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $30,000. Gleason Group Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth $32,000. Hantz Financial Services Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth $33,000. Bfsg LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 116.9% during the third quarter. Bfsg LLC now owns 423 shares of the company’s stock worth $39,000 after buying an additional 228 shares in the last quarter. Finally, Gradient Investments LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 49,700.0% during the second quarter. Gradient Investments LLC now owns 498 shares of the company’s stock worth $42,000 after buying an additional 497 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.4 %

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $91.57 on Friday. The stock has a fifty day simple moving average of $91.02 and a 200 day simple moving average of $86.20. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The company has a market capitalization of $26.83 billion, a P/E ratio of 25.30 and a beta of 0.59.

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.