Absolute Capital Management LLC Reduces Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Absolute Capital Management LLC decreased its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 26.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,324 shares of the company’s stock after selling 9,675 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises about 1.1% of Absolute Capital Management LLC’s holdings, making the stock its 28th largest position. Absolute Capital Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,504,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of USMV. Ameriprise Financial Inc. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock worth $271,634,000 after buying an additional 452,184 shares during the last quarter. Cetera Investment Advisers boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 26.3% in the second quarter. Cetera Investment Advisers now owns 2,142,277 shares of the company’s stock valued at $201,096,000 after acquiring an additional 445,896 shares during the last quarter. Truist Financial Corp grew its position in iShares MSCI USA Min Vol Factor ETF by 147.7% during the second quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock valued at $68,678,000 after acquiring an additional 436,281 shares during the period. Portfolio Design Labs LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $34,671,000. Finally, Ascent Group LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 1,116.1% during the second quarter. Ascent Group LLC now owns 308,114 shares of the company’s stock worth $28,923,000 after acquiring an additional 282,778 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS USMV opened at $95.22 on Thursday. The firm has a market capitalization of $24.30 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $83.99 and a 1-year high of $95.12. The business’s 50-day simple moving average is $94.45 and its 200-day simple moving average is $94.04.

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.