Banco Santander S.A. Lowers Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Banco Santander S.A. trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 16.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 135,589 shares of the company’s stock after selling 26,107 shares during the period. Banco Santander S.A. owned 0.05% of iShares MSCI USA Min Vol Factor ETF worth $12,900,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Secure Asset Management LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 2.8% during the 3rd quarter. Secure Asset Management LLC now owns 3,904 shares of the company’s stock valued at $371,000 after acquiring an additional 108 shares during the last quarter. Patriot Investment Management Group Inc. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.4% in the third quarter. Patriot Investment Management Group Inc. now owns 29,572 shares of the company’s stock valued at $2,814,000 after purchasing an additional 111 shares during the period. Venturi Wealth Management LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% during the third quarter. Venturi Wealth Management LLC now owns 6,122 shares of the company’s stock worth $582,000 after purchasing an additional 111 shares during the last quarter. Partners Capital Investment Group LLP lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.4% during the third quarter. Partners Capital Investment Group LLP now owns 29,220 shares of the company’s stock worth $2,780,000 after purchasing an additional 112 shares during the period. Finally, Modera Wealth Management LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 4.1% in the 3rd quarter. Modera Wealth Management LLC now owns 2,836 shares of the company’s stock valued at $270,000 after buying an additional 113 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $97.81 on Friday. The stock has a market capitalization of $24.96 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 $97.88. The company’s fifty day moving average is $95.17 and its two-hundred day moving average is $94.45.

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.