PNC Financial Services Group Inc. trimmed its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,482,760 shares of the company’s stock after selling 186,245 shares during the period. PNC Financial Services Group Inc. owned approximately 1.76% of iShares MSCI USA Min Vol Factor ETF worth $415,731,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in USMV. Frankly Finances LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $25,000. Elevated Capital Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $29,000. Chapman Financial Group LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at approximately $29,000. Ankerstar Wealth LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at approximately $31,000. Finally, Abound Wealth Management increased its holdings in iShares MSCI USA Min Vol Factor ETF by 437.1% during the 4th quarter. Abound Wealth Management now owns 333 shares of the company’s stock worth $31,000 after purchasing an additional 271 shares during the last quarter.
iShares MSCI USA Min Vol Factor ETF Stock Up 0.1%
Shares of USMV opened at $96.55 on Wednesday. The firm has a market cap of $24.64 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The business’s 50 day moving average is $96.19 and its two-hundred day moving average is $95.19. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $91.02 and a 52-week high of $98.73.
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.
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