PNC Financial Services Group Inc. Sells 299,551 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

PNC Financial Services Group Inc. lowered its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,459,821 shares of the company’s stock after selling 299,551 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $512,513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. ROSS JOHNSON & Associates LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at approximately $28,000. Avion Wealth grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% in the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after acquiring an additional 143 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter valued at about $30,000. LRI Investments LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at approximately $33,000. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 77.9% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 386 shares of the company’s stock valued at $36,000 after buying an additional 169 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 6.3%

Shares of USMV opened at $94.23 on Wednesday. The company’s fifty day simple moving average is $94.10 and its 200 day simple moving average is $93.47. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $83.99 and a 1-year high of $95.12. The company has a market cap of $24.05 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

iShares MSCI USA Min Vol Factor ETF 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.