Ocean Park Asset Management LLC Trims Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Ocean Park Asset Management LLC cut its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 62.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 243,266 shares of the company’s stock after selling 412,318 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 0.7% of Ocean Park Asset Management LLC’s portfolio, making the stock its 22nd biggest holding. Ocean Park Asset Management LLC owned approximately 0.08% of iShares MSCI USA Min Vol Factor ETF worth $21,600,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Lockheed Martin Investment Management Co. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $62,801,000. LPL Financial LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after purchasing an additional 346,414 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $16,911,000. World Investment Advisors LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 343.1% in the 3rd quarter. World Investment Advisors LLC now owns 224,878 shares of the company’s stock worth $20,534,000 after purchasing an additional 174,130 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth about $15,482,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $93.08 on Tuesday. The stock’s 50-day moving average is $90.76 and its 200-day moving average is $90.66. The company has a market cap of $27.27 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month high of $55.45.

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.