iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 9,905,008 shares of the company’s stock after acquiring an additional 91,948 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 0.6% of PNC Financial Services Group Inc.’s holdings, making the stock its 27th largest position. PNC Financial Services Group Inc. owned approximately 3.38% of iShares MSCI USA Min Vol Factor ETF worth $904,426,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. SpiderRock Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $629,000. Headlands Technologies LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth about $30,000. EdgeRock Capital LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.3% during the 3rd quarter. EdgeRock Capital LLC now owns 67,158 shares of the company’s stock worth $6,132,000 after buying an additional 3,371 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 36.5% in the 2nd quarter. QRG Capital Management Inc. now owns 4,752 shares of the company’s stock worth $399,000 after acquiring an additional 1,270 shares during the period. Finally, Banco Santander S.A. boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.2% in the second quarter. Banco Santander S.A. now owns 99,199 shares of the company’s stock valued at $8,329,000 after acquiring an additional 1,200 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS:USMV opened at $91.49 on Tuesday. The stock’s 50 day moving average price is $91.47 and its 200 day moving average price is $87.49. The stock has a market cap of $26.81 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month high of $55.45.

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.