Central Pacific Bank Trust Division reduced its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 17.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,508 shares of the company’s stock after selling 5,829 shares during the quarter. Central Pacific Bank Trust Division’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,603,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $30,000. Gleason Group Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $32,000. Hantz Financial Services Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $33,000. Strategic Financial Concepts LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $35,000. Finally, Naples Money Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter valued at approximately $41,000.
iShares MSCI USA Min Vol Factor ETF Price Performance
USMV stock opened at $90.98 on Thursday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45. The company’s 50 day simple moving average is $89.36 and its 200-day simple moving average is $85.22. The firm has a market capitalization of $26.66 billion, a P/E ratio of 25.30 and a beta of 0.59.
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.
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