iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Reaches New 12-Month High – What’s Next?

Shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) reached a new 52-week high on Thursday . The company traded as high as $88.30 and last traded at $88.07, with a volume of 9428 shares trading hands. The stock had previously closed at $87.22.

iShares U.S. Small Cap Equity Factor ETF Stock Performance

The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 17.17 and a beta of 1.08. The business has a fifty day moving average of $84.35 and a two-hundred day moving average of $79.82.

Institutional Trading of iShares U.S. Small Cap Equity Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of SMLF. NewEdge Advisors LLC raised its position in iShares U.S. Small Cap Equity Factor ETF by 73.6% in the first quarter. NewEdge Advisors LLC now owns 45,069 shares of the company’s stock valued at $3,402,000 after purchasing an additional 19,109 shares during the last quarter. Cozad Asset Management Inc. increased its position in shares of iShares U.S. Small Cap Equity Factor ETF by 13.0% during the first quarter. Cozad Asset Management Inc. now owns 114,953 shares of the company’s stock worth $8,678,000 after acquiring an additional 13,204 shares in the last quarter. Western Wealth Management LLC purchased a new stake in iShares U.S. Small Cap Equity Factor ETF in the 1st quarter valued at $47,000. Mascagni Wealth Management Inc. increased its stake in iShares U.S. Small Cap Equity Factor ETF by 29.5% in the 1st quarter. Mascagni Wealth Management Inc. now owns 4,859 shares of the company’s stock valued at $367,000 after buying an additional 1,107 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 4.9% in the 1st quarter. Arkadios Wealth Advisors now owns 3,749 shares of the company’s stock worth $283,000 after buying an additional 176 shares during the last quarter.

iShares U.S. Small Cap Equity Factor ETF Company Profile

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.