PNC Financial Services Group Inc. Cuts Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

PNC Financial Services Group Inc. decreased its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 37.6% during the 4th quarter, Holdings Channel reports. The firm owned 6,175,929 shares of the company’s stock after selling 3,729,079 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $548,361,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $28,000. AlphaMark Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $30,000. Valued Wealth Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $30,000. Sound Income Strategies LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 65.0% in the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $32,000 after purchasing an additional 143 shares during the last quarter. Finally, Arrow Financial Corp acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at $45,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $93.84 on Friday. The firm has a market capitalization of $23.85 billion, a price-to-earnings ratio of 24.43 and a beta of 0.79. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45. The stock’s fifty day moving average is $91.57 and its two-hundred day moving average is $91.52.

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.