D.A. Davidson & CO. Sells 20,451 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

D.A. Davidson & CO. lessened its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,415 shares of the company’s stock after selling 20,451 shares during the quarter. D.A. Davidson & CO. owned about 0.05% of iShares MSCI USA Min Vol Factor ETF worth $13,127,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Atlas Legacy Advisors LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 8.6% during the 4th quarter. Atlas Legacy Advisors LLC now owns 14,174 shares of the company’s stock valued at $1,335,000 after buying an additional 1,122 shares in the last quarter. Facet Wealth Inc. increased its position in iShares MSCI USA Min Vol Factor ETF by 3.9% during the 4th quarter. Facet Wealth Inc. now owns 462,542 shares of the company’s stock valued at $44,015,000 after buying an additional 17,357 shares in the last quarter. Advisors Capital Management LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 220.8% during the 4th quarter. Advisors Capital Management LLC now owns 8,324 shares of the company’s stock valued at $784,000 after buying an additional 5,729 shares in the last quarter. Courier Capital LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 16.5% during the 4th quarter. Courier Capital LLC now owns 90,904 shares of the company’s stock valued at $8,560,000 after buying an additional 12,880 shares in the last quarter. Finally, Rockwood Wealth Management LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 5.2% during the 4th quarter. Rockwood Wealth Management LLC now owns 3,207 shares of the company’s stock valued at $302,000 after buying an additional 159 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.5%

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $93.57 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $90.45 and a 12-month high of $98.07. The firm has a market capitalization of $23.88 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The firm’s 50 day simple moving average is $94.57 and its two-hundred day simple moving average is $94.46.

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.