Mechanics Bank Trust Department trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 1.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 39,549 shares of the company’s stock after selling 760 shares during the quarter. Mechanics Bank Trust Department’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,512,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $38,000. Bfsg LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 116.9% in the third quarter. Bfsg LLC now owns 423 shares of the company’s stock valued at $39,000 after acquiring an additional 228 shares in the last quarter. Arrow Financial Corp purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at about $45,000. Eastern Bank acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $92,000. Finally, American Capital Advisory LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 1,460.0% during the third quarter. American Capital Advisory LLC now owns 1,014 shares of the company’s stock worth $93,000 after purchasing an additional 949 shares in the last quarter.
iShares MSCI USA Min Vol Factor ETF Trading Up 1.4 %
Shares of USMV opened at $89.87 on Monday. The stock’s 50 day moving average is $91.16 and its two-hundred day moving average is $89.98. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The firm has a market capitalization of $26.33 billion, a PE 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.
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