iShares MSCI USA Size Factor ETF (NYSEARCA:SIZE) Trading Down 0.4% – Here’s Why

iShares MSCI USA Size Factor ETF (NYSEARCA:SIZE)’s stock price fell 0.4% during trading on Friday . The stock traded as low as $167.60 and last traded at $167.64. 3,536 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 5,340 shares. The stock had previously closed at $168.24.

iShares MSCI USA Size Factor ETF Stock Down 0.4%

The firm has a 50 day simple moving average of $162.37 and a two-hundred day simple moving average of $160.07. The stock has a market capitalization of $402.34 million, a P/E ratio of 21.17 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. MAI Capital Management lifted its holdings in shares of iShares MSCI USA Size Factor ETF by 13.6% in the third quarter. MAI Capital Management now owns 585 shares of the company’s stock worth $94,000 after acquiring an additional 70 shares during the last quarter. Raymond James Financial Inc. acquired a new position in iShares MSCI USA Size Factor ETF during the 2nd quarter worth approximately $151,000. OneAscent Family Office LLC bought a new position in iShares MSCI USA Size Factor ETF in the 2nd quarter valued at approximately $216,000. First Trust Advisors LP acquired a new stake in iShares MSCI USA Size Factor ETF in the second quarter valued at approximately $223,000. Finally, J.W. Cole Advisors Inc. grew its stake in shares of iShares MSCI USA Size Factor ETF by 4.6% during the second quarter. J.W. Cole Advisors Inc. now owns 1,512 shares of the company’s stock worth $234,000 after buying an additional 67 shares during the last quarter.

About iShares MSCI USA Size Factor ETF

The iShares MSCI USA Size Factor ETF (SIZE) is an exchange-traded fund that is based on the MSCI USA Low Size index. The fund tracks an index of large- and mid-cap US stocks. Holdings are weighted by the inverse natural logarithm of their market capitalization. SIZE was launched on Apr 16, 2013 and is managed by BlackRock.