Valmark Advisers Inc. Buys 123,234 Shares of iShares U.S. Small Cap Equity Factor ETF $SMLF

Valmark Advisers Inc. raised its stake in iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) by 10.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,334,635 shares of the company’s stock after acquiring an additional 123,234 shares during the quarter. iShares U.S. Small Cap Equity Factor ETF makes up 1.2% of Valmark Advisers Inc.’s holdings, making the stock its 19th biggest position. Valmark Advisers Inc. owned approximately 3.03% of iShares U.S. Small Cap Equity Factor ETF worth $100,752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SMLF. Advance Capital Management Inc. bought a new stake in shares of iShares U.S. Small Cap Equity Factor ETF in the 1st quarter worth approximately $116,691,000. Ameriprise Financial Inc. lifted 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 valued at $106,565,000 after purchasing an additional 421,138 shares during the last quarter. Bank of America Corp DE grew its holdings in iShares U.S. Small Cap Equity Factor ETF by 66.3% during the third quarter. Bank of America Corp DE now owns 770,271 shares of the company’s stock valued at $57,270,000 after purchasing an additional 307,021 shares during the period. Madison Wealth Partners Inc bought a new position in iShares U.S. Small Cap Equity Factor ETF during the fourth quarter valued at $22,746,000. Finally, Thrivent Financial for Lutherans purchased a new stake in iShares U.S. Small Cap Equity Factor ETF in the fourth quarter worth $22,271,000.

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

NYSEARCA:SMLF traded down $0.27 during trading hours on Friday, reaching $87.55. The stock had a trading volume of 162,233 shares, compared to its average volume of 237,041. The stock has a market cap of $4.12 billion, a P/E ratio of 17.17 and a beta of 1.07. The stock has a 50 day simple moving average of $85.56 and a 200 day simple moving average of $80.67. iShares U.S. Small Cap Equity Factor ETF has a 12-month low of $67.43 and a 12-month high of $89.74.

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.