Horizon Investments LLC Has $60.82 Million Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Horizon Investments LLC lessened its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 63.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 685,008 shares of the company’s stock after selling 1,195,199 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises about 1.7% of Horizon Investments LLC’s investment portfolio, making the stock its 10th largest position. Horizon Investments LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $60,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its stake in iShares MSCI USA Min Vol Factor ETF by 21.7% during the third quarter. Oppenheimer & Co. Inc. now owns 7,447 shares of the company’s stock worth $680,000 after buying an additional 1,326 shares during the last quarter. New England Asset Management Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth about $2,662,000. PNC Financial Services Group Inc. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock valued at $904,426,000 after purchasing an additional 91,948 shares during the period. Strategy Asset Managers LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 8.9% during the 3rd quarter. Strategy Asset Managers LLC now owns 18,758 shares of the company’s stock valued at $1,713,000 after purchasing an additional 1,534 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in iShares MSCI USA Min Vol Factor ETF by 63.2% during the third quarter. First Horizon Advisors Inc. now owns 2,685 shares of the company’s stock worth $245,000 after purchasing an additional 1,040 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock opened at $93.26 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $79.69 and a fifty-two week high of $95.12. The stock has a 50 day simple moving average of $91.95 and a two-hundred day simple moving average of $91.62. The company has a market cap of $24.34 billion, a P/E ratio of 24.03 and a beta of 0.77.

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.