Glenmede Investment Management LP Cuts Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Glenmede Investment Management LP lessened its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 416,136 shares of the company’s stock after selling 24,183 shares during the period. Glenmede Investment Management LP owned approximately 0.16% of iShares MSCI USA Min Vol Factor ETF worth $39,591,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in USMV. Chapman Financial Group LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $29,000. Manning & Napier Advisors LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $30,000. Grey Fox Wealth Advisors LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $35,000. Howe & Rusling Inc. raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 141.8% during the 2nd quarter. Howe & Rusling Inc. now owns 515 shares of the company’s stock worth $48,000 after buying an additional 302 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $48,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV opened at $95.07 on Friday. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $98.07. The stock has a market capitalization of $24.26 billion, a P/E ratio of 22.90 and a beta of 0.72. The business has a 50 day simple moving average of $95.50 and a 200-day simple moving average of $94.64.

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.