iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Reaches New 52-Week High – Here’s Why

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF)’s share price reached a new 52-week high on Tuesday . The company traded as high as $89.78 and last traded at $89.77, with a volume of 65587 shares traded. The stock had previously closed at $87.76.

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

The business has a 50 day moving average of $86.84 and a two-hundred day moving average of $81.94. The stock has a market capitalization of $4.21 billion, a PE ratio of 17.17 and a beta of 1.08.

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

A number of institutional investors and hedge funds have recently bought and sold shares of SMLF. Arkadios Wealth Advisors boosted its holdings in iShares U.S. Small Cap Equity Factor ETF by 4.0% in the fourth quarter. Arkadios Wealth Advisors now owns 3,573 shares of the company’s stock valued at $268,000 after purchasing an additional 138 shares during the period. Citizens Financial Group Inc. RI raised its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 1.7% in the first quarter. Citizens Financial Group Inc. RI now owns 10,359 shares of the company’s stock valued at $782,000 after buying an additional 175 shares during the last quarter. Independent Advisor Alliance boosted its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 4.0% during the fourth quarter. Independent Advisor Alliance now owns 5,438 shares of the company’s stock worth $407,000 after buying an additional 210 shares during the period. Ascent Wealth Partners LLC grew its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 2.0% during the fourth quarter. Ascent Wealth Partners LLC now owns 10,871 shares of the company’s stock worth $814,000 after buying an additional 216 shares during the last quarter. Finally, Golden State Equity Partners grew its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 3.7% during the fourth quarter. Golden State Equity Partners now owns 6,590 shares of the company’s stock worth $492,000 after buying an additional 236 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.