iShares US Small Cap Value Factor ETF (BATS:SVAL) Trading 0.7% Higher – Here’s What Happened

iShares US Small Cap Value Factor ETF (BATS:SVAL)’s share price shot up 0.7% on Friday . The stock traded as high as $43.69 and last traded at $43.67. 7,821 shares changed hands during trading, a decline of 76% from the average session volume of 32,111 shares. The stock had previously closed at $43.38.

iShares US Small Cap Value Factor ETF Stock Up 0.7%

The business has a 50-day moving average price of $42.39 and a 200-day moving average price of $39.57. The firm has a market capitalization of $185.60 million, a PE ratio of 12.43 and a beta of 1.05.

Hedge Funds Weigh In On iShares US Small Cap Value Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in iShares US Small Cap Value Factor ETF by 19.4% in the 1st quarter. Royal Bank of Canada now owns 13,819 shares of the company’s stock valued at $415,000 after buying an additional 2,248 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of iShares US Small Cap Value Factor ETF by 28.5% during the 2nd quarter. Bank of America Corp DE now owns 152,447 shares of the company’s stock worth $4,734,000 after acquiring an additional 33,852 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of iShares US Small Cap Value Factor ETF by 73.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 18,385 shares of the company’s stock worth $571,000 after acquiring an additional 7,805 shares during the period. Orion Porfolio Solutions LLC acquired a new position in shares of iShares US Small Cap Value Factor ETF during the 3rd quarter valued at about $286,000. Finally, Private Advisor Group LLC boosted its position in shares of iShares US Small Cap Value Factor ETF by 24.7% during the 3rd quarter. Private Advisor Group LLC now owns 15,901 shares of the company’s stock valued at $533,000 after acquiring an additional 3,145 shares during the last quarter.

About iShares US Small Cap Value Factor ETF

The iShares US Small Cap Value Factor ETF (SVAL) is an exchange-traded fund that is based on the Russell 2000 Focused Value Select index. The fund tracks an equally-weighted index of small-cap value companies selected by multiple factors. SVAL was launched on Oct 27, 2020 and is managed by BlackRock.