Advance Capital Management Inc. Acquires Shares of 1,545,786 iShares U.S. Small Cap Equity Factor ETF $SMLF

Advance Capital Management Inc. acquired a new position in shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) during the first quarter, HoldingsChannel.com reports. The fund acquired 1,545,786 shares of the company’s stock, valued at approximately $116,691,000. iShares U.S. Small Cap Equity Factor ETF accounts for approximately 4.4% of Advance Capital Management Inc.’s holdings, making the stock its 7th largest position.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Strategic Financial Services Inc. grew its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 1.8% in the fourth quarter. Strategic Financial Services Inc. now owns 3,810,840 shares of the company’s stock valued at $302,962,000 after buying an additional 65,743 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 6.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,328,943 shares of the company’s stock valued at $174,391,000 after buying an additional 135,653 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 16.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,826,109 shares of the company’s stock valued at $135,774,000 after buying an additional 257,905 shares during the period. LPL Financial LLC lifted its position in iShares U.S. Small Cap Equity Factor ETF by 17.6% during the 4th quarter. LPL Financial LLC now owns 1,388,541 shares of the company’s stock worth $103,974,000 after acquiring an additional 207,319 shares in the last quarter. Finally, Valmark Advisers Inc. lifted its position in iShares U.S. Small Cap Equity Factor ETF by 14.1% during the 4th quarter. Valmark Advisers Inc. now owns 1,211,401 shares of the company’s stock worth $90,710,000 after acquiring an additional 149,923 shares in the last quarter.

iShares U.S. Small Cap Equity Factor ETF Stock Up 0.8%

NYSEARCA SMLF opened at $88.78 on Tuesday. The stock has a market cap of $4.17 billion, a PE ratio of 17.17 and a beta of 1.07. iShares U.S. Small Cap Equity Factor ETF has a fifty-two week low of $67.43 and a fifty-two week high of $89.74. The business has a 50 day moving average price of $85.10 and a two-hundred day moving average price of $80.37.

iShares U.S. Small Cap Equity Factor ETF 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.