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

HighTower Advisors LLC raised its stake in shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) by 3,218.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 504,897 shares of the company’s stock after buying an additional 489,682 shares during the quarter. HighTower Advisors LLC’s holdings in iShares U.S. Small Cap Equity Factor ETF were worth $37,540,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Creative Financial Designs Inc. ADV bought a new position in shares of iShares U.S. Small Cap Equity Factor ETF during the second quarter valued at $31,000. GPS Wealth Strategies Group LLC grew its position in iShares U.S. Small Cap Equity Factor ETF by 1,120.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 708 shares of the company’s stock valued at $48,000 after purchasing an additional 650 shares during the last quarter. CENTRAL TRUST Co increased its stake in iShares U.S. Small Cap Equity Factor ETF by 100.3% during the 2nd quarter. CENTRAL TRUST Co now owns 1,508 shares of the company’s stock valued at $102,000 after purchasing an additional 755 shares in the last quarter. Bell Investment Advisors Inc purchased a new position in iShares U.S. Small Cap Equity Factor ETF in the second quarter worth about $160,000. Finally, Edge Financial Advisors LLC bought a new position in shares of iShares U.S. Small Cap Equity Factor ETF in the third quarter worth approximately $202,000.

iShares U.S. Small Cap Equity Factor ETF Stock Up 0.0%

NYSEARCA:SMLF opened at $78.88 on Wednesday. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 17.17 and a beta of 1.10. The company’s 50 day moving average price is $77.73 and its 200-day moving average price is $74.95. iShares U.S. Small Cap Equity Factor ETF has a 52 week low of $53.39 and a 52 week high of $80.72.

About iShares U.S. Small Cap Equity Factor ETF

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.