Mission Wealth Management LP Sells 5,857 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Mission Wealth Management LP lessened its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 43.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,524 shares of the company’s stock after selling 5,857 shares during the period. Mission Wealth Management LP’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $668,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Millburn Ridgefield Corp boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.2% during the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock valued at $324,208,000 after buying an additional 180,849 shares in the last quarter. Darrow Company Inc. boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the 4th quarter. Darrow Company Inc. now owns 154,918 shares of the company’s stock valued at $13,755,000 after buying an additional 1,256 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $1,529,000. SpiderRock Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at $629,000. Finally, Advisors Preferred LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $438,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $93.30 on Wednesday. The stock has a market cap of $23.71 billion, a price-to-earnings ratio of 24.43 and a beta of 0.79. The firm’s 50-day moving average is $91.37 and its 200 day moving average is $91.47. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45.

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.