Banco Santander S.A. Lowers Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Banco Santander S.A. decreased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,708 shares of the company’s stock after selling 3,915 shares during the quarter. Banco Santander S.A.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $8,587,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Novus Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $1,300,000. K2 Financial Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth about $1,018,000. Destination Wealth Management increased its holdings in iShares MSCI USA Min Vol Factor ETF by 10.0% in the 4th quarter. Destination Wealth Management now owns 3,865 shares of the company’s stock worth $343,000 after buying an additional 350 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $3,648,000. Finally, Opulen Financial Group LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $443,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV opened at $93.84 on Friday. The company’s fifty day moving average price is $91.57 and its 200 day moving average price is $91.54. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The company has a market capitalization of $23.85 billion, a PE ratio of 24.43 and a beta of 0.79.

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.