National Bank of Canada
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National Bank of Canada’s iShares MSCI USA Min Vol Factor ETF USMV Stock Holding History

National Bank of Canada’s Portfolio USMV Stock Details USMV Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$2.26M Sell
24,329
-699
-3% -$66.4K ﹤0.01% 1055
2025
Q4 		$2.36M Buy
25,028
+204
+0.8% +$19.2K ﹤0.01% 1035
2025
Q3 		$2.36M Buy
24,824
+1,110
+5% +$104K ﹤0.01% 1046
2025
Q2 		$2.23M Buy
23,714
+101
+0.4% +$9.29K ﹤0.01% 1124
2025
Q1 		$2.21M Sell
23,613
-2,609
-10% -$240K ﹤0.01% 1043
2024
Q4 		$2.33M Buy
26,222
+490
+2% +$45K ﹤0.01% 1138
2024
Q3 		$2.35M Sell
25,732
-1,414
-5% -$125K ﹤0.01% 971
2024
Q2 		$2.27M Sell
27,146
-409
-1% -$33.7K ﹤0.01% 912
2024
Q1 		$2.28M Sell
27,555
-569
-2% -$45.9K ﹤0.01% 986
2023
Q4 		$2.2M Sell
28,124
-4,353
-13% -$325K ﹤0.01% 995
2023
Q3 		$2.32M Buy
32,477
+189
+0.6% +$14.1K ﹤0.01% 1005
2023
Q2 		$2.4M Buy
32,288
+871
+3% +$63.7K ﹤0.01% 949
2023
Q1 		$2.29M Sell
31,417
-551
-2% -$39.6K 0.01% 819
2022
Q4 		$2.3M Sell
31,968
-520
-2% -$37K 0.01% 843
2022
Q3 		$2.09M Buy
32,488
+1,102
+4% +$79.5K 0.01% 771
2022
Q2 		$2.2M Sell
31,386
-412
-1% -$30.2K 0.01% 776
2022
Q1 		$2.48M Sell
31,798
-5,389
-14% -$408K 0.01% 818
2021
Q4 		$3.01M Buy
+37,187
New +$2.88M 0.01% 703

Other funds holding USMV

Fidelity Investments
Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return
Raymond James Financial
Raymond James Financial St Petersburg, Florida $324B AUM 22.36% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
LPL Financial
LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return
PNC Financial Services Group
PNC Financial Services Group Pittsburgh, Pennsylvania $173B AUM 20.72% 1-Year Est. Return
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services Plymouth, Minnesota $59.8B AUM 29.42% 1-Year Est. Return
CCA
Catalyst Capital Advisors Huntington, New York $6.03B AUM 24.5% 1-Year Est. Return
MRC
Millburn Ridgefield Corp New York $5.28B AUM 21.66% 1-Year Est. Return
Envestnet Asset Management
Envestnet Asset Management Chicago, Illinois $424B AUM 22.96% 1-Year Est. Return

National Bank of Canada's USMV Position: Q1 2026 in Review

National Bank of Canada reduced its iShares MSCI USA Min Vol Factor ETF (USMV) stake by 2.8% in Q1 2026, selling an estimated $66.4K and leaving 24,329 shares worth $2.26M. The position accounts for ﹤0.01% of the portfolio, ranked #1055.

National Bank of Canada first reported a position in USMV in Q4 2021 and has held it in 18 quarters since. The position peaked at $3.01M in Q4 2021. 1,357 funds tracked by Wall St. Rank hold USMV as of Q1 2026.

  • National Bank of Canada held 24,329 shares of iShares MSCI USA Min Vol Factor ETF worth $2.26M as of Q1 2026.
  • National Bank of Canada sold 699 iShares MSCI USA Min Vol Factor ETF shares in Q1 2026, an estimated $66.4K.
  • iShares MSCI USA Min Vol Factor ETF made up ﹤0.01% of National Bank of Canada's portfolio in Q1 2026, its #1055 holding.
  • National Bank of Canada first reported a position in iShares MSCI USA Min Vol Factor ETF in Q4 2021 and has held it in 18 quarters since.
  • National Bank of Canada's iShares MSCI USA Min Vol Factor ETF position peaked at $3.01M in Q4 2021.
  • 1,357 funds tracked by Wall St. Rank held iShares MSCI USA Min Vol Factor ETF as of Q1 2026.

Based on National Bank of Canada's 13F filing for Q1 2026, filed 15 May 2026.