Northwestern Mutual Wealth Management Co. Sells 521,201 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Northwestern Mutual Wealth Management Co. lessened its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 19.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,105,760 shares of the company’s stock after selling 521,201 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.72% of iShares MSCI USA Min Vol Factor ETF worth $176,800,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Optiver Holding B.V. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 100.0% during the fourth quarter. Optiver Holding B.V. now owns 1,758 shares of the company’s stock valued at $137,000 after acquiring an additional 7,664,300 shares during the period. Cetera Investment Advisers increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 270.9% during the 1st quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock worth $158,465,000 after purchasing an additional 1,384,833 shares in the last quarter. Dynasty Wealth Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at about $83,046,000. Wealth Enhancement Advisory Services LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 31.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,170,418 shares of the company’s stock valued at $264,984,000 after buying an additional 755,493 shares in the last quarter. Finally, Symmetry Partners LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 75.6% in the second quarter. Symmetry Partners LLC now owns 769,232 shares of the company’s stock valued at $64,585,000 after buying an additional 331,096 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.1 %

BATS USMV opened at $91.07 on Friday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45. The company has a 50 day moving average of $89.04 and a 200-day moving average of $85.02. The firm has a market cap of $26.68 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

About iShares MSCI USA Min Vol Factor ETF

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.