iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Sold by GDS Wealth Management

GDS Wealth Management decreased its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 10.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 353,766 shares of the company’s stock after selling 40,009 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises approximately 3.7% of GDS Wealth Management’s holdings, making the stock its 5th largest position. GDS Wealth Management’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $27,604,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. FMR LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 51.5% in the 3rd quarter. FMR LLC now owns 26,644,002 shares of the company’s stock valued at $1,928,493,000 after buying an additional 9,059,409 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth $259,275,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at about $246,963,000. International Assets Investment Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at about $216,845,000. Finally, PNC Financial Services Group Inc. boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 54.4% during the third quarter. PNC Financial Services Group Inc. now owns 5,301,031 shares of the company’s stock worth $383,689,000 after purchasing an additional 1,867,739 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.6 %

USMV stock traded up $0.46 during trading on Thursday, reaching $82.60. The stock had a trading volume of 1,255,259 shares. The company has a market capitalization of $24.20 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The company’s 50 day moving average is $81.84 and its two-hundred day moving average is $78.94.

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.