107,936 Shares of iShares U.S. Small Cap Equity Factor ETF $SMLF Bought by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. bought a new position in iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 107,936 shares of the company’s stock, valued at approximately $9,019,000. iShares U.S. Small Cap Equity Factor ETF comprises approximately 1.4% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 21st largest position.

Several other hedge funds have also modified their holdings of SMLF. Valmark Advisers Inc. grew its holdings in iShares U.S. Small Cap Equity Factor ETF by 10.2% in the first quarter. Valmark Advisers Inc. now owns 1,334,635 shares of the company’s stock valued at $100,752,000 after purchasing an additional 123,234 shares during the period. Acropolis Investment Management LLC acquired a new position in iShares U.S. Small Cap Equity Factor ETF during the third quarter worth approximately $81,949,000. Cetera Investment Advisers increased its position in iShares U.S. Small Cap Equity Factor ETF by 13.3% during the first quarter. Cetera Investment Advisers now owns 753,749 shares of the company’s stock worth $56,900,000 after purchasing an additional 88,667 shares during the last quarter. Modern Wealth Management LLC raised its stake in iShares U.S. Small Cap Equity Factor ETF by 45.1% during the first quarter. Modern Wealth Management LLC now owns 733,974 shares of the company’s stock worth $55,811,000 after purchasing an additional 228,292 shares during the period. Finally, Annex Advisory Services LLC raised its stake in iShares U.S. Small Cap Equity Factor ETF by 11.5% during the second quarter. Annex Advisory Services LLC now owns 625,277 shares of the company’s stock worth $55,737,000 after purchasing an additional 64,316 shares during the period.

iShares U.S. Small Cap Equity Factor ETF Stock Up 1.2%

NYSEARCA:SMLF opened at $86.76 on Thursday. The company has a market cap of $4.29 billion, a P/E ratio of 17.17 and a beta of 1.09. The firm’s 50 day moving average is $85.53 and its two-hundred day moving average is $83.36. iShares U.S. Small Cap Equity Factor ETF has a fifty-two week low of $70.00 and a fifty-two week high of $90.74.

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.