Ameriprise Financial Inc. Trims Stock Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Ameriprise Financial Inc. lessened its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 10.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,591,072 shares of the company’s stock after selling 301,768 shares during the quarter. Ameriprise Financial Inc. owned 1.02% of iShares MSCI USA Min Vol Factor ETF worth $247,131,000 as of its most recent SEC filing.

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

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $95.64 on Tuesday. The stock has a market capitalization of $24.41 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The business has a 50-day moving average of $95.54 and a 200 day moving average of $94.66. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $98.07.

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.