Park Avenue Securities LLC Has $9.56 Million Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Park Avenue Securities LLC decreased its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 79.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,382 shares of the company’s stock after selling 430,798 shares during the period. Park Avenue Securities LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $9,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Keener Financial Planning LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $26,000. Horrell Capital Management Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $27,000. Global Trust Asset Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $27,000. M&R Capital Management Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $34,000. Finally, SYM FINANCIAL Corp lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 232.9% in the 4th quarter. SYM FINANCIAL Corp now owns 486 shares of the company’s stock valued at $38,000 after acquiring an additional 340 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.0 %

BATS:USMV opened at $84.13 on Friday. The stock’s 50-day moving average is $82.32 and its 200-day moving average is $80.90. The stock has a market cap of $24.65 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45.

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.