Northwestern Mutual Wealth Management Co. lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 19.8% during the second quarter, Holdings Channel reports. The fund owned 2,105,760 shares of the company’s stock after selling 521,201 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $176,800,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $30,000. Gleason Group Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth about $32,000. Hantz Financial Services Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth about $33,000. Strategic Financial Concepts LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at about $35,000. Finally, Naples Money Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at about $41,000.
iShares MSCI USA Min Vol Factor ETF Price Performance
Shares of BATS:USMV opened at $91.07 on Friday. The stock has a market cap of $26.68 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The company has a 50 day moving average of $89.04 and a 200-day moving average of $85.02. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one 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.
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