Avidian Wealth Enterprises LLC Reduces Stock Position in iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF)

Avidian Wealth Enterprises LLC cut its stake in iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,628 shares of the company’s stock after selling 362 shares during the period. Avidian Wealth Enterprises LLC’s holdings in iShares U.S. Small Cap Equity Factor ETF were worth $312,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SMLF. Concord Wealth Partners increased its holdings in iShares U.S. Small Cap Equity Factor ETF by 126.2% in the fourth quarter. Concord Wealth Partners now owns 441 shares of the company’s stock valued at $30,000 after buying an additional 246 shares in the last quarter. S.A. Mason LLC purchased a new position in iShares U.S. Small Cap Equity Factor ETF in the third quarter valued at about $97,000. Leavell Investment Management Inc. purchased a new position in iShares U.S. Small Cap Equity Factor ETF in the third quarter valued at about $200,000. Arkadios Wealth Advisors purchased a new position in shares of iShares U.S. Small Cap Equity Factor ETF during the 3rd quarter worth approximately $206,000. Finally, Cadence Bank purchased a new position in shares of iShares U.S. Small Cap Equity Factor ETF during the 3rd quarter worth approximately $210,000.

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

Shares of SMLF opened at $70.63 on Friday. The firm has a 50 day simple moving average of $69.81 and a 200-day simple moving average of $67.66. iShares U.S. Small Cap Equity Factor ETF has a 1-year low of $58.48 and a 1-year high of $74.69. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 13.60 and a beta of 1.19.

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).