HighTower Advisors LLC Buys 489,682 Shares of iShares U.S. Small Cap Equity Factor ETF $SMLF

HighTower Advisors LLC boosted its stake in iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) by 3,218.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 504,897 shares of the company’s stock after buying an additional 489,682 shares during the period. HighTower Advisors LLC owned 1.45% of iShares U.S. Small Cap Equity Factor ETF worth $37,540,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SMLF. Valmark Advisers Inc. raised its position in shares of iShares U.S. Small Cap Equity Factor ETF by 186.0% in the 3rd quarter. Valmark Advisers Inc. now owns 1,061,478 shares of the company’s stock worth $78,921,000 after acquiring an additional 690,272 shares in the last quarter. Ameriprise Financial Inc. grew its stake in iShares U.S. Small Cap Equity Factor ETF by 36.7% in the second quarter. Ameriprise Financial Inc. now owns 1,568,204 shares of the company’s stock worth $106,565,000 after purchasing an additional 421,138 shares during the period. River Wealth Advisors LLC bought a new position in iShares U.S. Small Cap Equity Factor ETF in the second quarter worth $22,334,000. Hennion & Walsh Asset Management Inc. bought a new position in iShares U.S. Small Cap Equity Factor ETF in the third quarter worth $20,489,000. Finally, Bank of America Corp DE lifted its position in iShares U.S. Small Cap Equity Factor ETF by 65.4% during the second quarter. Bank of America Corp DE now owns 463,250 shares of the company’s stock valued at $31,478,000 after buying an additional 183,226 shares during the period.

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

NYSEARCA:SMLF opened at $78.88 on Wednesday. The firm’s 50-day moving average price is $77.73 and its 200-day moving average price is $74.95. The company has a market capitalization of $3.33 billion, a PE ratio of 17.17 and a beta of 1.10. iShares U.S. Small Cap Equity Factor ETF has a 1-year low of $53.39 and a 1-year high of $80.72.

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.