iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Elevation Capital Advisory LLC

Elevation Capital Advisory LLC cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 74.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,388 shares of the company’s stock after selling 59,257 shares during the period. Elevation Capital Advisory LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,920,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Investors Research Corp acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $26,000. Chapman Financial Group LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $29,000. Manning & Napier Advisors LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $30,000. Abound Wealth Management boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 437.1% in the 4th quarter. Abound Wealth Management now owns 333 shares of the company’s stock valued at $31,000 after buying an additional 271 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $33,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS USMV opened at $93.94 on Thursday. iShares MSCI USA Min Vol Factor ETF has a one year low of $87.41 and a one year high of $98.07. The company has a 50-day simple moving average of $94.81 and a 200-day simple moving average of $94.51. The firm has a market capitalization of $23.97 billion, a PE ratio of 22.90 and a beta of 0.72.

About iShares MSCI USA Min Vol Factor ETF

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.