iShares MSCI USA Min Vol Factor ETF $USMV Position Lowered by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.0% in the first quarter, according to its most recent disclosure with the SEC. 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.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $415,731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 3.2% during the 4th quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock worth $1,434,701,000 after buying an additional 465,870 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.9% in the 4th quarter. Raymond James Financial Inc. now owns 13,773,118 shares of the company’s stock valued at $1,296,877,000 after acquiring an additional 251,970 shares during the last quarter. Catalyst Capital Advisors LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 13.0% during the 1st quarter. Catalyst Capital Advisors LLC now owns 4,242,597 shares of the company’s stock valued at $393,458,000 after acquiring an additional 489,637 shares in the last quarter. UBS Group AG raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% during the 3rd quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock valued at $337,364,000 after acquiring an additional 80,056 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,542,763 shares of the company’s stock valued at $333,587,000 after acquiring an additional 198,476 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV opened at $96.55 on Wednesday. The stock has a market capitalization of $24.64 billion, a PE ratio of 22.90 and a beta of 0.72. The business’s fifty day moving average price is $96.19 and its 200 day moving average price is $95.19. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $98.73.

iShares MSCI USA Min Vol Factor ETF Company Profile

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.