iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Position Reduced by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.4% during the fourth quarter, Holdings Channel reports. The fund owned 3,521 shares of the company’s stock after selling 242 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $313,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in USMV. Stonebridge Financial Group LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $28,000. AlphaMark Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $30,000. Valued Wealth Advisors LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $30,000. Sound Income Strategies LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 65.0% during the 4th quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock worth $32,000 after purchasing an additional 143 shares in the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth about $46,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.6 %

USMV stock opened at $93.56 on Wednesday. The firm has a 50 day moving average of $92.81 and a two-hundred day moving average of $91.81. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $79.69 and a 12 month high of $95.12. The company has a market capitalization of $23.96 billion, a price-to-earnings ratio of 24.22 and a beta of 0.74.

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.