PNC Financial Services Group Inc. Has $439.63 Million Stock Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

PNC Financial Services Group Inc. trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 8.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,669,005 shares of the company’s stock after selling 450,579 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $439,634,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in USMV. Mullooly Asset Management Inc. boosted its stake in iShares MSCI USA Min Vol Factor ETF by 10.3% during the 4th quarter. Mullooly Asset Management Inc. now owns 39,269 shares of the company’s stock valued at $3,698,000 after purchasing an additional 3,672 shares during the last quarter. Csenge Advisory Group raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.4% in the fourth quarter. Csenge Advisory Group now owns 69,085 shares of the company’s stock worth $6,505,000 after purchasing an additional 283 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 271,919 shares of the company’s stock worth $25,604,000 after purchasing an additional 4,695 shares during the last quarter. Entrust Financial LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $35,000. Finally, Mission Wealth Management LP boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 31.3% during the fourth quarter. Mission Wealth Management LP now owns 9,891 shares of the company’s stock valued at $931,000 after buying an additional 2,358 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.2%

Shares of BATS:USMV opened at $95.79 on Wednesday. The business’s 50 day moving average is $93.98 and its 200 day moving average is $94.49. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $98.07. The stock has a market cap of $24.45 billion, a price-to-earnings 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.