Evergreen Capital Management LLC Sells 8,942 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Evergreen Capital Management LLC lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,116 shares of the company’s stock after selling 8,942 shares during the quarter. Evergreen Capital Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $10,463,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of USMV. Brighton Jones LLC increased its position 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 acquiring an additional 1,291 shares during the period. Jane Street Group LLC increased its position 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 acquiring an additional 27,868 shares during the period. Hsbc Holdings PLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth $399,000. First Trust Advisors LP increased its position 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 acquiring an additional 2,201 shares during the period. Finally, Qube Research & Technologies Ltd increased its position 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 acquiring an additional 201,483 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.1%

Shares of USMV stock opened at $94.74 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $87.41 and a 1 year high of $98.07. The firm’s fifty day simple moving average is $94.76 and its 200 day simple moving average is $94.50. The firm has a market capitalization of $24.18 billion, a P/E 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.