Summit Global Investments Has $6.50 Million Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Summit Global Investments decreased its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 61.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,350 shares of the company’s stock after selling 131,291 shares during the quarter. Summit Global Investments’ holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,504,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Keener Financial Planning LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $26,000. Horrell Capital Management Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $27,000. Global Trust Asset Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $27,000. M&R Capital Management Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $34,000. Finally, Sandy Spring Bank increased its holdings in iShares MSCI USA Min Vol Factor ETF by 484.0% in the 3rd quarter. Sandy Spring Bank now owns 584 shares of the company’s stock valued at $42,000 after buying an additional 484 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.1 %

USMV stock traded down $0.11 during mid-day trading on Thursday, hitting $80.34. The stock had a trading volume of 3,781,097 shares. 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 $23.54 billion, a P/E ratio of 25.30 and a beta of 0.59. The firm has a fifty day simple moving average of $81.81 and a 200 day simple moving average of $78.61.

iShares MSCI USA Min Vol Factor ETF Company 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.