Citizens Financial Group Inc. RI Cuts Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Citizens Financial Group Inc. RI trimmed its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 279,541 shares of the company’s stock after selling 3,180 shares during the period. Citizens Financial Group Inc. RI owned about 0.10% of iShares MSCI USA Min Vol Factor ETF worth $25,525,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of USMV. Cetera Investment Advisers raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 270.9% during the first quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock worth $158,465,000 after acquiring an additional 1,384,833 shares in the last quarter. Dynasty Wealth Management LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the first quarter worth $83,046,000. Carrera Capital Advisors purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at about $33,148,000. Symmetry Partners LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 75.6% during the second quarter. Symmetry Partners LLC now owns 769,232 shares of the company’s stock valued at $64,585,000 after buying an additional 331,096 shares during the last quarter. Finally, Granite Bay Wealth Management LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5,487.5% in the second quarter. Granite Bay Wealth Management LLC now owns 331,843 shares of the company’s stock worth $27,303,000 after buying an additional 325,904 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.7 %

BATS USMV opened at $91.97 on Thursday. The firm has a market cap of $26.95 billion, a PE ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45. The stock has a 50-day moving average of $91.52 and a 200-day moving average of $87.64.

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.