Independence Bank of Kentucky Trims Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Independence Bank of Kentucky reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,628 shares of the company’s stock after selling 964 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for 1.0% of Independence Bank of Kentucky’s portfolio, making the stock its 19th largest position. Independence Bank of Kentucky’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $1,176,338,000. Focus Partners Wealth increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 261.0% during the fourth quarter. Focus Partners Wealth now owns 1,119,087 shares of the company’s stock valued at $99,364,000 after purchasing an additional 809,082 shares in the last quarter. Horizon Wealth Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter valued at approximately $39,347,000. Ball & Co Wealth Management Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $32,334,000. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $32,129,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.8%

USMV stock opened at $93.77 on Friday. The business has a 50 day moving average of $91.53 and a 200 day moving average of $91.79. The firm has a market cap of $24.04 billion, a PE ratio of 24.27 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $82.32 and a twelve month high of $95.12.

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.