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 holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,459,821 shares of the company’s stock after selling 299,551 shares during the period. PNC Financial Services Group Inc. owned about 2.14% of iShares MSCI USA Min Vol Factor ETF worth $512,513,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. International Assets Investment Management LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% in the second quarter. International Assets Investment Management LLC now owns 15,132 shares of the company’s stock valued at $1,420,000 after buying an additional 110 shares during the last quarter. Sensible Money LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.3% during the first quarter. Sensible Money LLC now owns 8,839 shares of the company’s stock worth $828,000 after purchasing an additional 112 shares in the last quarter. KPP Advisory Services LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.9% during the second quarter. KPP Advisory Services LLC now owns 4,167 shares of the company’s stock valued at $391,000 after purchasing an additional 118 shares during the last quarter. Almanack Investment Partners LLC. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.6% in the second quarter. Almanack Investment Partners LLC. now owns 20,319 shares of the company’s stock valued at $1,907,000 after purchasing an additional 124 shares in the last quarter. Finally, Cynosure Group LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 0.4% in the 1st quarter. Cynosure Group LLC now owns 36,192 shares of the company’s stock worth $3,390,000 after purchasing an additional 127 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS USMV opened at $94.23 on Wednesday. The stock has a market capitalization of $24.05 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week high of $95.12. The stock has a fifty day moving average of $94.10 and a 200-day moving average of $93.47.

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.