iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Sees Large Volume Increase – What’s Next?

Shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) saw unusually-high trading volume on Thursday . Approximately 2,331,168 shares were traded during trading, an increase of 664% from the previous session’s volume of 305,316 shares.The stock last traded at $78.2490 and had previously closed at $78.86.

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

The stock has a 50 day moving average of $76.53 and a two-hundred day moving average of $74.03. The firm has a market capitalization of $3.08 billion, a P/E ratio of 17.17 and a beta of 1.10.

Institutional Investors Weigh In On iShares U.S. Small Cap Equity Factor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SMLF. Strategic Financial Services Inc. boosted its stake in iShares U.S. Small Cap Equity Factor ETF by 3.8% during the 2nd quarter. Strategic Financial Services Inc. now owns 3,744,652 shares of the company’s stock valued at $254,449,000 after purchasing an additional 137,719 shares during the period. Ameriprise Financial Inc. raised its stake in 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 purchasing an additional 257,905 shares during the last quarter. Valmark Advisers Inc. raised its stake 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 valued at $90,710,000 after purchasing an additional 149,923 shares during the last quarter. Acropolis Investment Management LLC boosted its holdings in iShares U.S. Small Cap Equity Factor ETF by 5.8% in the 4th quarter. Acropolis Investment Management LLC now owns 968,630 shares of the company’s stock valued at $72,531,000 after purchasing an additional 53,379 shares during the period. Finally, Bank of America Corp DE grew its position in iShares U.S. Small Cap Equity Factor ETF by 66.3% in the 3rd quarter. Bank of America Corp DE now owns 770,271 shares of the company’s stock worth $57,270,000 after purchasing an additional 307,021 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.