Bowman & Co S.C. Sells 6,096 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Bowman & Co S.C. cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,580 shares of the company’s stock after selling 6,096 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up approximately 2.0% of Bowman & Co S.C.’s investment portfolio, making the stock its 11th largest holding. Bowman & Co S.C.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,959,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Fortitude Family Office LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $38,000. Bfsg LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 116.9% in the third quarter. Bfsg LLC now owns 423 shares of the company’s stock valued at $39,000 after purchasing an additional 228 shares during the last quarter. Arrow Financial Corp acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $45,000. Eastern Bank bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $92,000. Finally, American Capital Advisory LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 1,460.0% in the 3rd quarter. American Capital Advisory LLC now owns 1,014 shares of the company’s stock valued at $93,000 after buying an additional 949 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV opened at $89.87 on Friday. The stock has a fifty day moving average of $91.16 and a 200-day moving average of $89.94. The company has a market capitalization of $26.33 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two 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.