iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Reaches New 1-Year High – Here’s Why

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $72.91 and last traded at $72.91, with a volume of 34277 shares traded. The stock had previously closed at $71.68.

iShares U.S. Small Cap Equity Factor ETF Stock Up 1.9 %

The firm has a 50-day simple moving average of $67.61 and a 200 day simple moving average of $64.29. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 13.60 and a beta of 1.19.

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

Institutional investors have recently modified their holdings of the business. Flagship Private Wealth LLC purchased a new position in iShares U.S. Small Cap Equity Factor ETF during the 3rd quarter worth $277,000. Marks Group Wealth Management Inc purchased a new stake in iShares U.S. Small Cap Equity Factor ETF during the 3rd quarter valued at approximately $580,000. Fox Financial Inc raised its stake in iShares U.S. Small Cap Equity Factor ETF by 27.7% during the 3rd quarter. Fox Financial Inc now owns 210,720 shares of the company’s stock valued at $13,981,000 after acquiring an additional 45,707 shares during the last quarter. ORG Partners LLC purchased a new position in shares of iShares U.S. Small Cap Equity Factor ETF in the 2nd quarter valued at approximately $91,000. Finally, Brookstone Capital Management purchased a new position in shares of iShares U.S. Small Cap Equity Factor ETF in the 3rd quarter valued at approximately $1,251,000.

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).