iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Hits New 1-Year High – What’s Next?

by · The Markets Daily

Shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF – Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $66.91 and last traded at $66.91, with a volume of 10340 shares traded. The stock had previously closed at $65.76.

iShares U.S. Small Cap Equity Factor ETF Stock Performance

The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 13.60 and a beta of 1.19. The stock’s 50 day simple moving average is $64.24 and its 200-day simple moving average is $62.70.

Hedge Funds Weigh In On iShares U.S. Small Cap Equity Factor ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC acquired a new position in shares of iShares U.S. Small Cap Equity Factor ETF in the 2nd quarter worth approximately $91,000. O Shaughnessy Asset Management LLC boosted its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 34.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,883 shares of the company’s stock valued at $120,000 after purchasing an additional 481 shares during the period. American Capital Advisory LLC acquired a new position in shares of iShares U.S. Small Cap Equity Factor ETF in the first quarter valued at approximately $156,000. International Assets Investment Management LLC purchased a new stake in iShares U.S. Small Cap Equity Factor ETF during the 2nd quarter worth approximately $174,000. Finally, Cadence Bank acquired a new stake in iShares U.S. Small Cap Equity Factor ETF during the 1st quarter worth approximately $201,000.

iShares U.S. Small Cap Equity Factor ETF Company Profile

(Get Free Report)

The iShares MSCI USA Small-Cap Multifactor ETF (SMLF) is an exchange-traded fund that is based on the STOXX U.S. SmallCap Equity Factor index. The fund tracks an index of small-cap US equities. Stocks are selected and weighted to increase exposure to four factors (quality, value, momentum, and low volatility).

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