iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Reaches New 1-Year High – Still a Buy?

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $80.22 and last traded at $79.8390, with a volume of 521151 shares. The stock had previously closed at $78.37.

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

The firm has a fifty day moving average of $75.80 and a 200 day moving average of $73.69. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 17.17 and a beta of 1.10.

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

Large investors have recently made changes to their positions in the company. Strategic Financial Services Inc. boosted its holdings in iShares U.S. Small Cap Equity Factor ETF by 3.8% during the second quarter. Strategic Financial Services Inc. now owns 3,744,652 shares of the company’s stock worth $254,449,000 after buying an additional 137,719 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares U.S. Small Cap Equity Factor ETF by 16.4% in the third quarter. Ameriprise Financial Inc. now owns 1,826,109 shares of the company’s stock worth $135,774,000 after acquiring an additional 257,905 shares during the period. Valmark Advisers Inc. raised its position in shares of iShares U.S. Small Cap Equity Factor ETF by 186.0% in the third 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 during the period. Acropolis Investment Management LLC boosted its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 5.8% during the 4th quarter. Acropolis Investment Management LLC now owns 968,630 shares of the company’s stock worth $72,531,000 after acquiring an additional 53,379 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of iShares U.S. Small Cap Equity Factor ETF by 66.3% during the 3rd quarter. Bank of America Corp DE now owns 770,271 shares of the company’s stock valued at $57,270,000 after acquiring an additional 307,021 shares during the period.

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.