iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Reaches New 1-Year High – Here’s What Happened

Shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) hit a new 52-week high during trading on Wednesday . The company traded as high as $84.54 and last traded at $84.25, with a volume of 7168 shares. The stock had previously closed at $83.31.

iShares U.S. Small Cap Equity Factor ETF Stock Up 0.5%

The stock has a market capitalization of $3.70 billion, a PE ratio of 17.17 and a beta of 1.08. The firm’s fifty day moving average price is $78.34 and its two-hundred day moving average price is $77.04.

Institutional Investors Weigh In On iShares U.S. Small Cap Equity Factor ETF

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 150.9% in the 1st quarter. Royal Bank of Canada now owns 68,441 shares of the company’s stock worth $4,254,000 after buying an additional 41,163 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in iShares U.S. Small Cap Equity Factor ETF by 20.4% in the first quarter. NewEdge Advisors LLC now owns 16,719 shares of the company’s stock valued at $1,039,000 after acquiring an additional 2,832 shares during the period. Jane Street Group LLC lifted its holdings in iShares U.S. Small Cap Equity Factor ETF by 769.0% in the first quarter. Jane Street Group LLC now owns 134,442 shares of the company’s stock valued at $8,357,000 after acquiring an additional 118,972 shares during the period. Peapack Gladstone Financial Corp boosted its position in iShares U.S. Small Cap Equity Factor ETF by 506.4% in the second quarter. Peapack Gladstone Financial Corp now owns 66,351 shares of the company’s stock worth $4,508,000 after purchasing an additional 55,409 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in iShares U.S. Small Cap Equity Factor ETF in the second quarter worth about $596,000.

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.