iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Stake Cut by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI decreased its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 282,721 shares of the company’s stock after selling 1,212 shares during the period. Citizens Financial Group Inc. RI owned about 0.10% of iShares MSCI USA Min Vol Factor ETF worth $23,737,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at approximately $30,000. Gleason Group Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $32,000. Hantz Financial Services Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $33,000. Naples Money Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter worth about $41,000. Finally, Gradient Investments LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 49,700.0% in 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.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.6 %

iShares MSCI USA Min Vol Factor ETF stock opened at $91.34 on Monday. The firm has a 50-day moving average price of $87.88 and a two-hundred day moving average price of $84.41. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45. The firm has a market capitalization of $26.76 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.