Truist Financial Corp Reduces Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Truist Financial Corp cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 15.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 619,787 shares of the company’s stock after selling 111,847 shares during the period. Truist Financial Corp owned about 0.24% of iShares MSCI USA Min Vol Factor ETF worth $58,967,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 12.9% in the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after purchasing an additional 1,291 shares in the last quarter. Jane Street Group LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 366.3% during the 1st quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock worth $3,323,000 after buying an additional 27,868 shares during the last quarter. GC Wealth Management RIA LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $426,000. Janney Montgomery Scott LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 13.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 658,501 shares of the company’s stock valued at $61,814,000 after buying an additional 80,409 shares during the last quarter. Finally, Greenleaf Trust raised its stake in iShares MSCI USA Min Vol Factor ETF by 3.0% during the 2nd quarter. Greenleaf Trust now owns 5,488 shares of the company’s stock worth $515,000 after acquiring an additional 160 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV opened at $95.22 on Thursday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $83.99 and a 1-year high of $95.12. The stock has a market cap of $24.30 billion, a PE ratio of 22.90 and a beta of 0.72. The firm has a fifty day moving average price of $94.45 and a 200 day moving average price of $94.04.

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.