Money Concepts Capital Corp Buys New Shares in iShares US Small Cap Value Factor ETF $SVAL

Money Concepts Capital Corp purchased a new position in shares of iShares US Small Cap Value Factor ETF (BATS:SVAL) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 1,646,704 shares of the company’s stock, valued at approximately $68,045,000. iShares US Small Cap Value Factor ETF makes up approximately 3.0% of Money Concepts Capital Corp’s holdings, making the stock its 6th biggest position. Money Concepts Capital Corp owned 0.39% of iShares US Small Cap Value Factor ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of iShares US Small Cap Value Factor ETF by 9,811.3% in the second quarter. NewEdge Advisors LLC now owns 5,253 shares of the company’s stock worth $219,000 after buying an additional 5,200 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in iShares US Small Cap Value Factor ETF during the 2nd quarter valued at $260,000. Chicago Partners Investment Group LLC bought a new position in iShares US Small Cap Value Factor ETF during the 3rd quarter valued at $312,000. Commonwealth Equity Services LLC acquired a new position in iShares US Small Cap Value Factor ETF during the 3rd quarter worth $379,000. Finally, NovaPoint Capital LLC grew its holdings in iShares US Small Cap Value Factor ETF by 7.6% during the 1st quarter. NovaPoint Capital LLC now owns 16,571 shares of the company’s stock worth $596,000 after acquiring an additional 1,174 shares in the last quarter.

iShares US Small Cap Value Factor ETF Stock Performance

SVAL opened at $42.38 on Friday. The company has a 50-day moving average of $42.49 and a 200-day moving average of $40.40. The company has a market capitalization of $161.04 million, a P/E ratio of 12.96 and a beta of 0.95. iShares US Small Cap Value Factor ETF has a 1-year low of $31.96 and a 1-year high of $44.28.

About iShares US Small Cap Value Factor ETF

The iShares US Small Cap Value Factor ETF (SVAL) is an exchange-traded fund that is based on the Russell 2000 Focused Value Select index. The fund tracks an equally-weighted index of small-cap value companies selected by multiple factors. SVAL was launched on Oct 27, 2020 and is managed by BlackRock.