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

PNC Financial Services Group Inc. cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,119,584 shares of the company’s stock after selling 340,237 shares during the period. PNC Financial Services Group Inc. owned 2.01% of iShares MSCI USA Min Vol Factor ETF worth $487,077,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Bank of Montreal Can lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 9.9% in the 2nd quarter. Bank of Montreal Can now owns 44,819 shares of the company’s stock valued at $4,207,000 after purchasing an additional 4,045 shares during the period. Insight Inv LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at $1,083,000. Win Advisors Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at $899,000. Dynasty Wealth Management LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 7.2% in the third quarter. Dynasty Wealth Management LLC now owns 1,261,838 shares of the company’s stock worth $120,051,000 after acquiring an additional 84,969 shares during the period. Finally, Cynosure Group LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 16.8% during the 3rd quarter. Cynosure Group LLC now owns 42,424 shares of the company’s stock worth $4,036,000 after acquiring an additional 6,104 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 1.1%

BATS:USMV opened at $96.19 on Friday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week high of $96.55. The stock’s 50-day moving average price is $94.71 and its 200-day moving average price is $94.22. The stock has a market capitalization of $24.55 billion, a PE ratio of 22.90 and a beta of 0.72.

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.