PNC Financial Services Group Inc. Cuts Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

PNC Financial Services Group Inc. cut its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 5,119,584 shares of the company’s stock after selling 340,237 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $487,077,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 12.9% in the 4th quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock worth $1,002,000 after buying an additional 1,291 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 366.3% during the first quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock valued at $3,323,000 after acquiring an additional 27,868 shares during the last quarter. TD Asset Management Inc purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $205,000. Spreng Capital Management Inc. boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.2% in the second quarter. Spreng Capital Management Inc. now owns 83,381 shares of the company’s stock worth $7,827,000 after acquiring an additional 1,778 shares during the last quarter. Finally, Quotient Wealth Partners LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.4% during the second quarter. Quotient Wealth Partners LLC now owns 1,019,605 shares of the company’s stock worth $95,710,000 after purchasing an additional 23,868 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS USMV opened at $96.19 on Friday. The business has a fifty day moving average price of $94.71 and a 200 day moving average price of $94.22. The company has a market cap of $24.55 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $96.55.

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.