iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Hits New 12-Month High – Here’s Why

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) hit a new 52-week high during trading on Tuesday . The company traded as high as $90.19 and last traded at $90.14, with a volume of 20512 shares trading hands. The stock had previously closed at $89.60.

iShares U.S. Small Cap Equity Factor ETF Trading Up 0.4%

The business’s fifty day moving average price is $87.22 and its 200 day moving average price is $82.30. The company has a market capitalization of $4.28 billion, a P/E ratio of 17.17 and a beta of 1.08.

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

Several hedge funds and other institutional investors have recently modified their holdings of SMLF. Pittenger & Anderson Inc. bought a new position in iShares U.S. Small Cap Equity Factor ETF during the 1st quarter valued at about $25,000. IFP Advisors Inc raised its holdings in iShares U.S. Small Cap Equity Factor ETF by 509.9% during the 4th quarter. IFP Advisors Inc now owns 433 shares of the company’s stock worth $32,000 after purchasing an additional 362 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of iShares U.S. Small Cap Equity Factor ETF during the 1st quarter worth approximately $47,000. International Assets Investment Management LLC boosted its position in shares of iShares U.S. Small Cap Equity Factor ETF by 212.3% in the 1st quarter. International Assets Investment Management LLC now owns 862 shares of the company’s stock worth $66,000 after purchasing an additional 586 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in shares of iShares U.S. Small Cap Equity Factor ETF by 319.9% in the 4th quarter. Harbour Investments Inc. now owns 928 shares of the company’s stock valued at $69,000 after acquiring an additional 707 shares during the period.

About iShares U.S. Small Cap Equity Factor ETF

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). SMLF was launched on Apr 28, 2015 and is managed by BlackRock.