Janney Montgomery Scott LLC Has $53.49 Million Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)
by Jessica Moore · The Cerbat GemJanney Montgomery Scott LLC trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 585,843 shares of the company’s stock after selling 3,528 shares during the period. Janney Montgomery Scott LLC owned 0.20% of iShares MSCI USA Min Vol Factor ETF worth $53,493,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth about $30,000. Gleason Group Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth $32,000. Hantz Financial Services Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth $33,000. Strategic Financial Concepts LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at about $35,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at about $38,000.
iShares MSCI USA Min Vol Factor ETF Stock Performance
BATS USMV opened at $89.97 on Monday. The stock has a 50-day simple moving average of $91.14 and a 200 day simple moving average of $86.69. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The stock has a market capitalization of $26.36 billion, a PE ratio of 25.30 and a beta of 0.59.
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.
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