iShares US Small Cap Value Factor ETF (BATS:SVAL) Stock Price Up 11.2% – Still a Buy?

Shares of iShares US Small Cap Value Factor ETF (BATS:SVAL) rose 11.2% on Wednesday . The stock traded as high as $32.59 and last traded at $36.34. Approximately 5,737 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 33,827 shares. The stock had previously closed at $32.6719.

iShares US Small Cap Value Factor ETF Stock Up 11.2%

The firm has a market cap of $154.45 million, a P/E ratio of 12.43 and a beta of 1.05. The business has a fifty day simple moving average of $35.24 and a 200-day simple moving average of $33.81.

Institutional Investors Weigh In On iShares US Small Cap Value Factor ETF

Several hedge funds have recently bought and sold shares of the business. Tocqueville Asset Management L.P. grew its holdings in iShares US Small Cap Value Factor ETF by 1,241.4% in the third quarter. Tocqueville Asset Management L.P. now owns 134,140 shares of the company’s stock worth $4,495,000 after purchasing an additional 124,140 shares during the period. Truist Financial Corp lifted its holdings in shares of iShares US Small Cap Value Factor ETF by 69.8% during the second quarter. Truist Financial Corp now owns 171,306 shares of the company’s stock valued at $5,320,000 after purchasing an additional 70,412 shares during the last quarter. Money Concepts Capital Corp boosted its position in shares of iShares US Small Cap Value Factor ETF by 1.7% in the 3rd quarter. Money Concepts Capital Corp now owns 2,298,704 shares of the company’s stock worth $77,030,000 after purchasing an additional 38,799 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of iShares US Small Cap Value Factor ETF in the 3rd quarter worth approximately $1,259,000. Finally, Bank of America Corp DE grew its stake in shares of iShares US Small Cap Value Factor ETF by 28.5% in the 2nd quarter. Bank of America Corp DE now owns 152,447 shares of the company’s stock worth $4,734,000 after buying an additional 33,852 shares during the last quarter.

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.