Forum Private Client Group LLC Reduces Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Forum Private Client Group LLC lowered its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 9.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,666 shares of the company’s stock after selling 2,468 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up approximately 0.9% of Forum Private Client Group LLC’s portfolio, making the stock its 24th largest position. Forum Private Client Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,013,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in iShares MSCI USA Min Vol Factor ETF by 5.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,017 shares of the company’s stock valued at $458,000 after acquiring an additional 243 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 301.4% during the third quarter. Benjamin Edwards Inc. now owns 8,583 shares of the company’s stock worth $784,000 after purchasing an additional 6,445 shares in the last quarter. Quantinno Capital Management LP increased its position in iShares MSCI USA Min Vol Factor ETF by 149.9% during the third quarter. Quantinno Capital Management LP now owns 6,366 shares of the company’s stock worth $581,000 after buying an additional 3,819 shares during the period. Stifel Financial Corp raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.8% in the third quarter. Stifel Financial Corp now owns 420,790 shares of the company’s stock valued at $38,423,000 after buying an additional 11,481 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at approximately $11,980,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $87.26 on Friday. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $79.69 and a 1 year high of $95.12. The company’s fifty day moving average is $92.83 and its two-hundred day moving average is $91.80. The stock has a market capitalization of $22.35 billion, a P/E ratio of 24.22 and a beta of 0.74.

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.