Absolute Capital Management LLC reduced its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 91.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,266 shares of the company’s stock after selling 24,058 shares during the quarter. Absolute Capital Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $213,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Frankly Finances LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $25,000. Investors Research Corp bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $26,000. Elevated Capital Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $29,000. Chapman Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at $29,000. Finally, Abound Wealth Management grew its holdings in iShares MSCI USA Min Vol Factor ETF by 437.1% during the fourth quarter. Abound Wealth Management now owns 333 shares of the company’s stock valued at $31,000 after purchasing an additional 271 shares during the period.
iShares MSCI USA Min Vol Factor ETF Trading Up 0.4%
Shares of USMV stock opened at $95.64 on Friday. The stock has a market capitalization of $24.41 billion, a P/E ratio of 22.90 and a beta of 0.72. The firm’s 50 day moving average is $94.82 and its 200 day moving average is $94.82. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $91.02 and a 12 month high of $98.07.
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.
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