Portfolio Design Labs LLC Decreases Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Portfolio Design Labs LLC cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,936 shares of the company’s stock after selling 10,398 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises about 1.8% of Portfolio Design Labs LLC’s holdings, making the stock its 14th largest holding. Portfolio Design Labs LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $10,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of USMV. Brighton Jones LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 12.9% in the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after purchasing an additional 1,291 shares during the period. Jane Street Group LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 366.3% in the first quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock valued at $3,323,000 after purchasing an additional 27,868 shares during the period. Hsbc Holdings PLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at $399,000. First Trust Advisors LP boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 39.0% in the second quarter. First Trust Advisors LP now owns 7,845 shares of the company’s stock valued at $736,000 after purchasing an additional 2,201 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 465.5% in the second quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock valued at $22,976,000 after purchasing an additional 201,483 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.4%

BATS:USMV opened at $95.58 on Wednesday. The firm has a market cap of $24.39 billion, a PE ratio of 22.90 and a beta of 0.72. The stock has a fifty day moving average price of $94.69 and a 200 day moving average price of $94.79. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $98.07.

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.