Truist Financial Corp Sells 129,195 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Truist Financial Corp cut its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 30.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 301,087 shares of the company’s stock after selling 129,195 shares during the period. Truist Financial Corp owned 0.10% of iShares MSCI USA Min Vol Factor ETF worth $26,734,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% during the third quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock valued at $904,426,000 after purchasing an additional 91,948 shares in the last quarter. LPL Financial LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% during the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after purchasing an additional 346,414 shares in the last quarter. Millburn Ridgefield Corp boosted its stake in iShares MSCI USA Min Vol Factor ETF by 5.2% in the fourth quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock valued at $324,208,000 after acquiring an additional 180,849 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock valued at $294,542,000 after acquiring an additional 21,739 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 0.8% in the third quarter. Cerity Partners LLC now owns 2,134,175 shares of the company’s stock valued at $194,871,000 after acquiring an additional 17,264 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.1 %

Shares of USMV opened at $93.15 on Wednesday. The company has a market cap of $27.29 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The company has a 50 day moving average of $90.69 and a two-hundred day moving average of $90.94.

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.