Parallel Advisors LLC Has $1.77 Million Stock Position in iShares MSCI Emerging Markets Min Vol Factor ETF (BATS:EEMV)

Parallel Advisors LLC reduced its stake in iShares MSCI Emerging Markets Min Vol Factor ETF (BATS:EEMV) by 7.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 30,444 shares of the company’s stock after selling 2,493 shares during the period. Parallel Advisors LLC’s holdings in iShares MSCI Emerging Markets Min Vol Factor ETF were worth $1,765,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. NBT Bank N A NY lifted its stake in iShares MSCI Emerging Markets Min Vol Factor ETF by 15.8% in the fourth quarter. NBT Bank N A NY now owns 30,104 shares of the company’s stock valued at $1,746,000 after buying an additional 4,109 shares during the period. MorganRosel Wealth Management LLC lifted its stake in iShares MSCI Emerging Markets Min Vol Factor ETF by 7.6% in the fourth quarter. MorganRosel Wealth Management LLC now owns 9,513 shares of the company’s stock valued at $552,000 after buying an additional 670 shares during the period. Lester Murray Antman dba SimplyRich lifted its stake in iShares MSCI Emerging Markets Min Vol Factor ETF by 3.7% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 260,123 shares of the company’s stock valued at $15,084,000 after buying an additional 9,245 shares during the period. Plimoth Trust Co. LLC lifted its stake in iShares MSCI Emerging Markets Min Vol Factor ETF by 1.3% in the fourth quarter. Plimoth Trust Co. LLC now owns 30,043 shares of the company’s stock valued at $1,742,000 after buying an additional 393 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its stake in iShares MSCI Emerging Markets Min Vol Factor ETF by 5.2% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 4,068 shares of the company’s stock valued at $236,000 after buying an additional 200 shares during the period.

iShares MSCI Emerging Markets Min Vol Factor ETF Price Performance

Shares of BATS:EEMV opened at $58.80 on Wednesday. The stock’s fifty day moving average price is $58.29 and its 200 day moving average price is $59.60. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 15.34 and a beta of 0.54.

About iShares MSCI Emerging Markets Min Vol Factor ETF

The iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) is an exchange-traded fund that is based on the MSCI EM Minimum Volatility (USD) index. The fund tracks an index of emerging markets firms selected and weighted to create a low volatility portfolio. EEMV was launched on Oct 18, 2011 and is managed by BlackRock.