Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 1,604 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lessened its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 10.8% during the fourth quarter, Holdings Channel reports. The firm owned 13,266 shares of the company’s stock after selling 1,604 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,178,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of USMV. Raymond James Financial Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $1,176,338,000. Lockheed Martin Investment Management Co. purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $62,801,000. LPL Financial LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after purchasing an additional 346,414 shares during the period. Strategic Financial Concepts LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $16,911,000. Finally, Millburn Ridgefield Corp increased its holdings in 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 purchasing an additional 180,849 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock opened at $93.05 on Friday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45. The business’s 50 day moving average price is $91.50 and its two-hundred day moving average price is $91.49. The company has a market capitalization of $23.64 billion, a price-to-earnings 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.