Diversified Enterprises LLC Trims Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Diversified Enterprises LLC cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,132 shares of the company’s stock after selling 2,108 shares during the period. Diversified Enterprises LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,498,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $28,000. AlphaMark Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $30,000. Valued Wealth Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $30,000. Sound Income Strategies LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 65.0% in the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock worth $32,000 after buying an additional 143 shares in the last quarter. Finally, Crews Bank & Trust purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $46,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $92.09 on Friday. The stock has a market cap of $24.04 billion, a PE ratio of 24.03 and a beta of 0.77. 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. The firm’s 50-day simple moving average is $91.87 and its two-hundred day simple moving average is $91.59.

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.