Comerica Bank Has $17.54 Million Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Comerica Bank trimmed its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 186,307 shares of the company’s stock after selling 16,540 shares during the period. Comerica Bank owned 0.07% of iShares MSCI USA Min Vol Factor ETF worth $17,543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in iShares MSCI USA Min Vol Factor ETF by 0.7% during the third quarter. Bank of America Corp DE now owns 13,794,595 shares of the company’s stock worth $1,312,418,000 after buying an additional 98,221 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% in the third quarter. Raymond James Financial Inc. now owns 13,521,148 shares of the company’s stock valued at $1,286,402,000 after purchasing an additional 206,108 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,977,742 shares of the company’s stock valued at $659,752,000 after purchasing an additional 145,843 shares during the last quarter. Millburn Ridgefield LLC DE increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.4% in the third quarter. Millburn Ridgefield LLC DE now owns 3,752,960 shares of the company’s stock valued at $357,057,000 after purchasing an additional 190,646 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% in the third quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock valued at $337,364,000 after purchasing an additional 80,056 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS:USMV opened at $93.57 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a one year low of $90.45 and a one year high of $98.07. The company has a market cap of $23.88 billion, a P/E ratio of 22.90 and a beta of 0.72. The firm’s fifty day moving average price is $94.57 and its two-hundred day moving average price is $94.46.

iShares MSCI USA Min Vol Factor ETF 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.