iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Sets New 1-Year High – Here’s Why

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) shares reached a new 52-week high on Tuesday . The stock traded as high as $78.96 and last traded at $78.88, with a volume of 23014 shares trading hands. The stock had previously closed at $78.71.

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

The company’s 50 day moving average is $75.06 and its 200 day moving average is $73.21. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 17.17 and a beta of 1.10.

Hedge Funds Weigh In On iShares U.S. Small Cap Equity Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMLF. Avidian Wealth Enterprises LLC raised its holdings in iShares U.S. Small Cap Equity Factor ETF by 2.2% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 6,583 shares of the company’s stock valued at $489,000 after acquiring an additional 140 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in iShares U.S. Small Cap Equity Factor ETF by 4.8% during the third quarter. AdvisorNet Financial Inc now owns 3,126 shares of the company’s stock worth $232,000 after buying an additional 144 shares in the last quarter. Dynamic Wealth Strategies LLC increased its holdings in iShares U.S. Small Cap Equity Factor ETF by 0.9% in the 3rd quarter. Dynamic Wealth Strategies LLC now owns 20,583 shares of the company’s stock valued at $1,530,000 after buying an additional 181 shares during the period. Empirical Asset Management LLC raised its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 1.1% in the 2nd quarter. Empirical Asset Management LLC now owns 18,885 shares of the company’s stock valued at $1,283,000 after buying an additional 198 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 7.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 3,435 shares of the company’s stock worth $255,000 after acquiring an additional 252 shares during the period.

About iShares U.S. Small Cap Equity Factor ETF

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.