iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 35.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,532 shares of the company’s stock after selling 37,841 shares during the quarter. Thrivent Financial for Lutherans’ holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of USMV. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth approximately $130,668,000. Ameriprise Financial Inc. increased its position in iShares MSCI USA Min Vol Factor ETF by 18.5% during the second quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock worth $271,634,000 after buying an additional 452,184 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 26.3% in the second quarter. Cetera Investment Advisers now owns 2,142,277 shares of the company’s stock worth $201,096,000 after acquiring an additional 445,896 shares during the last quarter. Truist Financial Corp raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 147.7% in the second quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock worth $68,678,000 after acquiring an additional 436,281 shares during the last quarter. Finally, Portfolio Design Labs LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at $34,671,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.8%

USMV opened at $93.82 on Friday. The firm has a market cap of $23.94 billion, a P/E ratio of 22.90 and a beta of 0.72. The business’s fifty day simple moving average is $94.00 and its 200 day simple moving average is $93.74. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week high of $95.12.

iShares MSCI USA Min Vol Factor ETF Company 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.