FDx Advisors Inc. Reduces Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

FDx Advisors Inc. lowered its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,960 shares of the company’s stock after selling 4,525 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for 1.6% of FDx Advisors Inc.’s portfolio, making the stock its 14th largest position. FDx Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $5,590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USMV. Millburn Ridgefield Corp boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 5.2% during the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock worth $324,208,000 after acquiring an additional 180,849 shares during the last quarter. Darrow Company Inc. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 0.8% in the 4th quarter. Darrow Company Inc. now owns 154,918 shares of the company’s stock worth $13,755,000 after purchasing an additional 1,256 shares during the period. Golden State Wealth Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at $1,529,000. SpiderRock Advisors LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at about $629,000. Finally, Advisors Preferred LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $438,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.7 %

BATS USMV opened at $93.71 on Friday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45. The company has a market capitalization of $27.46 billion, a P/E ratio of 25.30 and a beta of 0.59. The stock’s 50-day moving average price is $90.77 and its 200-day moving average price is $91.03.

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.