Assetmark Inc. reduced its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 13.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,343,205 shares of the company’s stock after selling 211,159 shares during the quarter. Assetmark Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $124,569,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Frankly Finances LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $25,000. Investors Research Corp acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $26,000. Elevated Capital Advisors LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $29,000. Chapman Financial Group LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $29,000. Finally, Ankerstar Wealth LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $31,000.
iShares MSCI USA Min Vol Factor ETF Trading Up 1.1%
BATS USMV opened at $97.13 on Friday. The stock’s 50-day moving average price is $96.05 and its two-hundred day moving average price is $95.15. The company has a market cap of $24.79 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $91.02 and a 1 year high of $98.73.
iShares MSCI USA Min Vol Factor ETF Company 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.
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