JPMorgan Chase & Co. Has $291.01 Million Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

JPMorgan Chase & Co. lowered its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,277,464 shares of the company’s stock after selling 209,097 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.12% of iShares MSCI USA Min Vol Factor ETF worth $291,006,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in USMV. Raymond James Financial Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $1,176,338,000. LPL Financial LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.1% during the fourth quarter. LPL Financial LLC now owns 5,685,914 shares of the company’s stock worth $504,852,000 after buying an additional 328,291 shares in the last quarter. Millburn Ridgefield Corp lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 5.2% in the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock valued at $324,208,000 after acquiring an additional 180,849 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock valued at $294,542,000 after acquiring an additional 21,739 shares in the last quarter. Finally, Assetmark Inc. grew its position in iShares MSCI USA Min Vol Factor ETF by 0.6% during the 4th quarter. Assetmark Inc. now owns 1,606,337 shares of the company’s stock worth $142,627,000 after acquiring an additional 10,270 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 4.6 %

Shares of USMV opened at $92.75 on Monday. The business has a 50-day simple moving average of $92.67 and a two-hundred day simple moving average of $91.77. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $79.69 and a 12-month high of $95.12. The stock has a market cap of $24.21 billion, a PE ratio of 24.03 and a beta of 0.77.

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.