Modus Advisors LLC Reduces Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Modus Advisors LLC decreased its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 110,738 shares of the company’s stock after selling 3,109 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises 3.1% of Modus Advisors LLC’s investment portfolio, making the stock its 6th largest position. Modus Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $9,832,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $30,000. Fortitude Family Office LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter worth approximately $38,000. Bfsg LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 116.9% during the 3rd quarter. Bfsg LLC now owns 423 shares of the company’s stock worth $39,000 after acquiring an additional 228 shares during the last quarter. Arrow Financial Corp purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth $45,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 62,400.0% in the second quarter. Cullen Frost Bankers Inc. now owns 625 shares of the company’s stock worth $52,000 after buying an additional 624 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS:USMV traded down $0.13 during trading on Friday, hitting $88.66. 1,399,153 shares of the company’s stock were exchanged. The company has a market cap of $25.98 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The business’s 50-day simple moving average is $91.68 and its 200 day simple moving average is $89.53. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-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.