Dana Investment Advisors Inc. sell 432 shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Dana Investment Advisors Inc. cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 13.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,715 shares of the company’s stock after selling 432 shares during the quarter. Holdings of Dana Investment Advisors Inc. in iShares MSCI USA Min Vol Factor ETF were worth $228,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Morningstar Investment Services LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 96.7% during the fourth quarter. Morningstar Investment Services LLC now owns 10,924 shares of the company’s stock worth $851,000 after purchasing an additional 5,369 shares during the period. LM Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $393,000. Headlands Technologies LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at $30,000. Trust Co. of Vermont grew its position in iShares MSCI USA Min Vol Factor ETF by 69.0% in the fourth quarter. Trust Co. of Vermont now owns 4,231 shares of the company’s stock valued at $330,000 after buying an additional 1,727 shares in the last quarter. Finally, Flagstar Advisors Inc. raised its position in iShares MSCI USA Min Vol Factor ETF by 9.2% in the first quarter. Flagstar Advisors Inc. now owns 6,211 shares of the company’s stock valued at $519,000 after buying an additional 524 shares in the last quarter.

Price Performance of the iShares MSCI USA Min Vol Factor ETF

Shares of BATS:USMV opened at $91.10 on Friday. The company’s 50-day moving average price is $89.56, and its two-hundred-day moving average price is $85.32. The stock has a market cap of $26.69 billion, a PE ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45.

About the iShares MSCI USA Min Vol Factor ETF

(Free report)

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 companies selected and weighted to create a low volatility portfolio subject to various constraints. USMV was launched on October 18, 2011 and is managed by BlackRock.

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