Ellis Investment Partners LLC Reduces Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Ellis Investment Partners LLC reduced its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 16.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 27,957 shares of the company’s stock after selling 5,372 shares during the period. Ellis Investment Partners LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,482,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in USMV. Roxbury Financial LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $370,000. Aveo Capital Partners LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 3.7% during the fourth quarter. Aveo Capital Partners LLC now owns 3,598 shares of the company’s stock worth $319,000 after buying an additional 129 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.4% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 104,637 shares of the company’s stock worth $9,291,000 after buying an additional 461 shares in the last quarter. Maryland Capital Advisors Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $166,000. Finally, Arcus Capital Partners LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 7.1% during the fourth quarter. Arcus Capital Partners LLC now owns 23,691 shares of the company’s stock worth $1,980,000 after buying an additional 1,579 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS USMV opened at $92.99 on Friday. The company has a market cap of $27.25 billion, a PE 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. The company has a 50-day simple moving average of $90.69 and a 200-day simple moving average of $90.88.

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.