Cordatus Wealth Management LLC Reduces Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Cordatus Wealth Management LLC trimmed its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,478 shares of the company’s stock after selling 409 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for about 1.2% of Cordatus Wealth Management LLC’s holdings, making the stock its 22nd largest holding. Cordatus Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $4,571,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Millburn Ridgefield Corp raised its stake in iShares MSCI USA Min Vol Factor ETF by 5.2% during the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock worth $324,208,000 after acquiring an additional 180,849 shares in the last quarter. Darrow Company Inc. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the fourth quarter. Darrow Company Inc. now owns 154,918 shares of the company’s stock worth $13,755,000 after purchasing an additional 1,256 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $1,529,000. SpiderRock Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $629,000. Finally, Advisors Preferred LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $438,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.7 %

Shares of USMV opened at $93.71 on Friday. The company’s 50 day simple moving average is $90.77 and its 200-day simple moving average is $91.03. The firm has a market cap of $27.46 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.

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.