Dearborn Partners’s iShares MSCI USA Min Vol Factor ETF USMV Stock Holding History

Dearborn Partners’s Portfolio USMV Stock Details USMV Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-4,615	Closed	-$210K	–	177
2016 Q3	$210K	Sell	4,615 -375	-8%	-$17.4K	0.02%	180
2016 Q2	$231K	Sell	4,990 -490	-9%	-$21.8K	0.02%	172
2016 Q1	$241K	Hold	5,480	–	–	0.02%	168
2015 Q4	$229K	Buy	+5,480	New	+$228K	0.02%	205
2014 Q1	–	Sell	-9,665	Closed	-$343K	–	302
2013 Q4	$343K	Sell	9,665 -4,270	-31%	-$148K	0.04%	237
2013 Q3	$463K	Sell	13,935 -739	-5%	-$24.7K	0.06%	212
2013 Q2	$478K	Buy	+14,674	New	+$488K	0.07%	202

Other funds holding USMV

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $128B AUM 35.83% 1-Year Est. Return

NLI

Nippon Life Insurance Tokyo, Japan $6.04B AUM 4.21% 1-Year Est. Return

Citigroup New York $303B AUM 53.02% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $495B AUM 43.24% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $202B AUM 37.79% 1-Year Est. Return

Dearborn Partners's USMV Position: Q4 2016 in Review

Dearborn Partners sold out of iShares MSCI USA Min Vol Factor ETF (USMV) in Q4 2016, closing a stake of 4,615 shares — an estimated $210K sold.

Dearborn Partners first reported a position in USMV in Q2 2013 and held it in 7 quarters. The position peaked at $478K in Q2 2013. 330 funds tracked by Wall St. Rank hold USMV as of Q4 2016.

Dearborn Partners reported no remaining iShares MSCI USA Min Vol Factor ETF position as of Q4 2016 after selling out during the quarter.
Dearborn Partners sold 4,615 iShares MSCI USA Min Vol Factor ETF shares in Q4 2016, an estimated $210K.
Dearborn Partners first reported a position in iShares MSCI USA Min Vol Factor ETF in Q2 2013 and held it in 7 quarters.
Dearborn Partners's iShares MSCI USA Min Vol Factor ETF position peaked at $478K in Q2 2013.
330 funds tracked by Wall St. Rank held iShares MSCI USA Min Vol Factor ETF as of Q4 2016.

Based on Dearborn Partners's 13F filing for Q4 2016, filed 26 Jan 2017.