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

Pineridge Advisors LLC lowered its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 19.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,392 shares of the company’s stock after selling 1,317 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises about 0.2% of Pineridge Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. Pineridge Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $479,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $247,000. Valeo Financial Advisors LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 13.5% during the third quarter. Valeo Financial Advisors LLC now owns 2,789 shares of the company’s stock valued at $255,000 after buying an additional 332 shares during the last quarter. Armstrong Advisory Group Inc. raised its position in iShares MSCI USA Min Vol Factor ETF by 1.3% in the third quarter. Armstrong Advisory Group Inc. now owns 11,962 shares of the company’s stock worth $1,092,000 after acquiring an additional 155 shares during the period. Adamsbrown Wealth Consultants LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 7.4% during the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 3,327 shares of the company’s stock worth $304,000 after acquiring an additional 230 shares during the last quarter. Finally, Muirfield Wealth Advisors LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.6% during the 3rd quarter. Muirfield Wealth Advisors LLC now owns 41,421 shares of the company’s stock valued at $3,782,000 after acquiring an additional 249 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $93.08 on Tuesday. The stock has a market cap of $27.27 billion, a P/E ratio of 25.30 and a beta of 0.59. The stock’s fifty day moving average is $90.76 and its 200 day moving average is $90.66. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year 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.