National Bank of Canada FI Sells 1,414 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

National Bank of Canada FI lessened its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,732 shares of the company’s stock after selling 1,414 shares during the period. National Bank of Canada FI’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,350,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Gradient Investments LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 49,700.0% during the 2nd quarter. Gradient Investments LLC now owns 498 shares of the company’s stock valued at $42,000 after purchasing an additional 497 shares during the last quarter. Raymond James & Associates boosted its stake in iShares MSCI USA Min Vol Factor ETF by 0.9% during the 2nd quarter. Raymond James & Associates now owns 16,095,735 shares of the company’s stock valued at $1,351,398,000 after purchasing an additional 146,632 shares during the last quarter. Chesley Taft & Associates LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth $434,000. Meridian Investment Counsel Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth $276,000. Finally, SeaCrest Wealth Management LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 39.8% during the second quarter. SeaCrest Wealth Management LLC now owns 4,445 shares of the company’s stock valued at $373,000 after purchasing an additional 1,266 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS USMV opened at $91.67 on Friday. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The stock has a 50-day moving average of $92.32 and a 200 day moving average of $88.80. The company has a market capitalization of $26.86 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

iShares MSCI USA Min Vol Factor ETF 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.