Commerce Bank trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,245 shares of the company’s stock after selling 1,435 shares during the quarter. Commerce Bank’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,687,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the business. Yarger Wealth Strategies LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.0% in the 4th quarter. Yarger Wealth Strategies LLC now owns 13,832 shares of the company’s stock valued at $1,079,000 after acquiring an additional 139 shares during the period. Hoese & Co LLP increased its stake in iShares MSCI USA Min Vol Factor ETF by 0.3% in the 4th quarter. Hoese & Co LLP now owns 54,001 shares of the company’s stock valued at $4,123,000 after buying an additional 140 shares during the period. Archer Investment Corp increased its stake in iShares MSCI USA Min Vol Factor ETF by 3.4% in the 3rd quarter. Archer Investment Corp now owns 4,462 shares of the company’s stock valued at $323,000 after buying an additional 146 shares during the period. Adamsbrown Wealth Consultants LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 4.9% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 3,220 shares of the company’s stock valued at $251,000 after buying an additional 149 shares during the period. Finally, Sandy Spring Bank increased its stake in iShares MSCI USA Min Vol Factor ETF by 25.7% in the 4th quarter. Sandy Spring Bank now owns 734 shares of the company’s stock valued at $57,000 after buying an additional 150 shares during the period.
iShares MSCI USA Min Vol Factor ETF Stock Performance
Shares of USMV opened at $83.02 on Monday. The stock has a market capitalization of $24.32 billion, a P/E ratio of 25.30 and a beta of 0.59. The company’s fifty day moving average is $82.12 and its two-hundred day moving average is $79.89. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45.
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.
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