iShares US Small Cap Value Factor ETF (BATS:SVAL) Trading 9.3% Higher – Should You Buy?

iShares US Small Cap Value Factor ETF (BATS:SVAL)’s stock price shot up 9.3% on Monday . The stock traded as high as $32.59 and last traded at $35.7030. 5,737 shares traded hands during trading, a decline of 83% from the average session volume of 33,827 shares. The stock had previously closed at $32.6719.

iShares US Small Cap Value Factor ETF Trading Up 7.3%

The firm’s fifty day moving average price is $33.69 and its 200-day moving average price is $32.82. The firm has a market cap of $148.96 million, a price-to-earnings ratio of 12.43 and a beta of 1.05.

Hedge Funds Weigh In On iShares US Small Cap Value Factor ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SVAL. Royal Bank of Canada raised its position in iShares US Small Cap Value Factor ETF by 19.4% during the 1st quarter. Royal Bank of Canada now owns 13,819 shares of the company’s stock worth $415,000 after buying an additional 2,248 shares during the last quarter. NovaPoint Capital LLC lifted its position in iShares US Small Cap Value Factor ETF by 22.5% in the second quarter. NovaPoint Capital LLC now owns 10,758 shares of the company’s stock valued at $334,000 after purchasing an additional 1,973 shares during the period. Prepared Retirement Institute LLC boosted its holdings in iShares US Small Cap Value Factor ETF by 5.2% in the 2nd quarter. Prepared Retirement Institute LLC now owns 23,188 shares of the company’s stock valued at $720,000 after purchasing an additional 1,140 shares in the last quarter. Truist Financial Corp raised its stake in shares of iShares US Small Cap Value Factor ETF by 69.8% during the 2nd quarter. Truist Financial Corp now owns 171,306 shares of the company’s stock worth $5,320,000 after buying an additional 70,412 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of iShares US Small Cap Value Factor ETF by 37.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 35,847 shares of the company’s stock worth $1,113,000 after buying an additional 9,702 shares in the last quarter.

iShares US Small Cap Value Factor ETF Company Profile

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.