iShares MSCI USA Min Vol Factor ETF (BATS:USMV) is White Pine Investment CO’s 5th Largest Position

White Pine Investment CO trimmed its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,354 shares of the company’s stock after selling 6,547 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for approximately 3.4% of White Pine Investment CO’s holdings, making the stock its 5th largest position. White Pine Investment CO’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $12,640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of USMV. Carrera Capital Advisors purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $33,148,000. LPL Financial LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after purchasing an additional 346,414 shares in the last quarter. Sanctuary Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth $18,422,000. Bank of Montreal Can lifted its position in iShares MSCI USA Min Vol Factor ETF by 572.4% during the second quarter. Bank of Montreal Can now owns 250,380 shares of the company’s stock valued at $21,142,000 after purchasing an additional 213,145 shares in the last quarter. Finally, Magnolia Capital Advisors LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 867.8% during the second quarter. Magnolia Capital Advisors LLC now owns 219,897 shares of the company’s stock valued at $18,463,000 after purchasing an additional 197,175 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS USMV opened at $90.68 on Wednesday. The stock has a market cap of $26.57 billion, a PE 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. The firm has a fifty day moving average price of $91.09 and a 200-day moving average price of $90.03.

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.