Clearstead Advisors LLC Reduces Stock Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Clearstead Advisors LLC lowered its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 17.4% in the fourth quarter, HoldingsChannel reports. The firm owned 83,719 shares of the company’s stock after selling 17,595 shares during the period. Clearstead Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,883,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 12.9% during the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock worth $1,002,000 after buying an additional 1,291 shares during the period. Jane Street Group LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 366.3% during the first quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock worth $3,323,000 after buying an additional 27,868 shares during the period. Hsbc Holdings PLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $399,000. First Trust Advisors LP boosted its stake in iShares MSCI USA Min Vol Factor ETF by 39.0% during the second quarter. First Trust Advisors LP now owns 7,845 shares of the company’s stock worth $736,000 after buying an additional 2,201 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in iShares MSCI USA Min Vol Factor ETF by 465.5% during the second quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock worth $22,976,000 after buying an additional 201,483 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV stock opened at $96.88 on Tuesday. The firm has a market cap of $24.72 billion, a PE ratio of 22.90 and a beta of 0.72. The company has a 50-day moving average of $94.03 and a two-hundred day moving average of $94.58. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $91.02 and a 1-year high of $98.07.

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.