Summit Global Investments Reduces Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Summit Global Investments cut its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 61.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 83,350 shares of the company’s stock after selling 131,291 shares during the quarter. Summit Global Investments’ holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. FMR LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 51.5% in the third quarter. FMR LLC now owns 26,644,002 shares of the company’s stock worth $1,928,493,000 after purchasing an additional 9,059,409 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $259,275,000. Envestnet Portfolio Solutions Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $246,963,000. International Assets Investment Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $216,845,000. Finally, PNC Financial Services Group Inc. boosted its position in iShares MSCI USA Min Vol Factor ETF by 54.4% in 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 Down 0.1 %

BATS:USMV traded down $0.11 on Thursday, hitting $80.34. The stock had a trading volume of 3,781,097 shares. The stock has a market cap of $23.54 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The business’s 50-day simple moving average is $81.81 and its two-hundred day simple moving average is $78.61. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45.

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.