PNC Financial Services Group Inc. Sells 450,579 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

PNC Financial Services Group Inc. lowered its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 8.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,669,005 shares of the company’s stock after selling 450,579 shares during the period. PNC Financial Services Group Inc. owned approximately 1.83% of iShares MSCI USA Min Vol Factor ETF worth $439,634,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Win Advisors Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter valued at about $899,000. Dynasty Wealth Management LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 7.2% in the 3rd quarter. Dynasty Wealth Management LLC now owns 1,261,838 shares of the company’s stock valued at $120,051,000 after buying an additional 84,969 shares during the period. Becker Capital Management Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $569,000. Western Wealth Management LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 28.4% in the 4th quarter. Western Wealth Management LLC now owns 74,251 shares of the company’s stock valued at $6,992,000 after buying an additional 16,434 shares in the last quarter. Finally, Chatterton & Associates Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $851,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock opened at $95.79 on Wednesday. The stock’s 50 day simple moving average is $93.98 and its 200 day simple moving average is $94.49. The company has a market cap of $24.45 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $98.07.

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.