Smart Money Group LLC Sells 89,855 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Smart Money Group LLC lowered its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 48.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,417 shares of the company’s stock after selling 89,855 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises 3.2% of Smart Money Group LLC’s holdings, making the stock its 8th biggest position. Smart Money Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,445,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Keener Financial Planning LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $26,000. Horrell Capital Management Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $27,000. Global Trust Asset Management LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $27,000. M&R Capital Management Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $34,000. Finally, Sandy Spring Bank increased its position in iShares MSCI USA Min Vol Factor ETF by 484.0% in the 3rd quarter. Sandy Spring Bank now owns 584 shares of the company’s stock valued at $42,000 after acquiring an additional 484 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.1 %

Shares of BATS USMV traded down $0.11 during trading on Thursday, reaching $80.34. The company had a trading volume of 3,781,097 shares. The company’s fifty day moving average price is $81.81 and its 200-day moving average price is $78.61. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month high of $55.45. The stock has a market cap of $23.54 billion, a P/E ratio of 25.30 and a beta of 0.59.

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.