iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Stock Price Up 1.1% – Here’s Why

Shares of iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) traded up 1.1% during mid-day trading on Monday . The company traded as high as $43.60 and last traded at $43.30. 10,985 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 20,614 shares. The stock had previously closed at $42.82.

iShares MSCI USA Small-Cap Min Vol Factor ETF Stock Up 0.3%

The stock has a fifty day simple moving average of $44.79 and a 200 day simple moving average of $43.65. The firm has a market capitalization of $330.22 million, a P/E ratio of 18.24 and a beta of 0.69.

Institutional Trading of iShares MSCI USA Small-Cap Min Vol Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC lifted its holdings in iShares MSCI USA Small-Cap Min Vol Factor ETF by 34.9% in the 4th quarter. Advisory Services Network LLC now owns 35,641 shares of the company’s stock worth $1,544,000 after purchasing an additional 9,224 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF during the fourth quarter valued at approximately $75,000. Root Financial Partners LLC bought a new stake in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF during the third quarter valued at approximately $27,000. Farther Finance Advisors LLC lifted its holdings in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 2,874.8% in the third quarter. Farther Finance Advisors LLC now owns 3,421 shares of the company’s stock worth $147,000 after buying an additional 3,306 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 11.6% in the second quarter. Ameriprise Financial Inc. now owns 207,254 shares of the company’s stock worth $8,708,000 after buying an additional 21,534 shares in the last quarter.

About iShares MSCI USA Small-Cap Min Vol Factor ETF

The iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US-listed small capitalization stocks selected and weighted to create a low volatility portfolio, subject to constraints. SMMV was launched on Sep 7, 2016 and is managed by BlackRock.