iShares MSCI USA Min Vol Factor ETF $USMV is Spreng Capital Management Inc.’s 9th Largest Position

Spreng Capital Management Inc. cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 10.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,812 shares of the company’s stock after selling 8,569 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises about 2.8% of Spreng Capital Management Inc.’s investment portfolio, making the stock its 9th biggest position. Spreng Capital Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Secure Asset Management LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 2.8% in the third quarter. Secure Asset Management LLC now owns 3,904 shares of the company’s stock valued at $371,000 after acquiring an additional 108 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% in the second quarter. International Assets Investment Management LLC now owns 15,132 shares of the company’s stock valued at $1,420,000 after purchasing an additional 110 shares during the period. Patriot Investment Management Group Inc. boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.4% in the third quarter. Patriot Investment Management Group Inc. now owns 29,572 shares of the company’s stock valued at $2,814,000 after purchasing an additional 111 shares during the period. KPP Advisory Services LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 2.9% during the 2nd quarter. KPP Advisory Services LLC now owns 4,167 shares of the company’s stock valued at $391,000 after purchasing an additional 118 shares in the last quarter. Finally, Almanack Investment Partners LLC. grew its holdings in iShares MSCI USA Min Vol Factor ETF by 0.6% during the 2nd quarter. Almanack Investment Partners LLC. now owns 20,319 shares of the company’s stock valued at $1,907,000 after purchasing an additional 124 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV opened at $93.66 on Monday. The stock has a market cap of $23.90 billion, a price-to-earnings 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 $95.12. The business’s 50-day simple moving average is $94.07 and its 200 day simple moving average is $93.87.

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.