Cypress Wealth Services LLC Decreases Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Cypress Wealth Services LLC reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 52.3% in the 4th quarter, Holdings Channel reports. The firm owned 7,635 shares of the company’s stock after selling 8,368 shares during the quarter. Cypress Wealth Services LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $719,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in USMV. Bank of America Corp DE lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% during the third quarter. Bank of America Corp DE now owns 13,794,595 shares of the company’s stock worth $1,312,418,000 after purchasing an additional 98,221 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% in the third quarter. Raymond James Financial Inc. now owns 13,521,148 shares of the company’s stock valued at $1,286,402,000 after buying an additional 206,108 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,977,742 shares of the company’s stock valued at $659,752,000 after buying an additional 145,843 shares in the last quarter. Millburn Ridgefield LLC DE raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.4% during the 3rd quarter. Millburn Ridgefield LLC DE now owns 3,752,960 shares of the company’s stock valued at $357,057,000 after buying an additional 190,646 shares during the period. Finally, UBS Group AG raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% during the 3rd quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock valued at $337,364,000 after buying an additional 80,056 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $91.12 on Monday. The firm has a market capitalization of $23.25 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $98.07. The stock’s 50 day moving average price is $95.23 and its 200 day moving average price is $94.58.

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.