iShares US Small Cap Value Factor ETF (BATS:SVAL) Trading 1% Higher – Here’s Why

iShares US Small Cap Value Factor ETF (BATS:SVAL) rose 1% on Friday . The stock traded as high as $41.68 and last traded at $41.50. Approximately 11,870 shares traded hands during trading, a decline of 70% from the average daily volume of 39,846 shares. The stock had previously closed at $41.09.

iShares US Small Cap Value Factor ETF Stock Performance

The firm has a market cap of $176.38 million, a PE ratio of 12.43 and a beta of 1.05. The firm has a fifty day simple moving average of $39.08 and a two-hundred day simple moving average of $37.13.

Hedge Funds Weigh In On iShares US Small Cap Value Factor ETF

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in iShares US Small Cap Value Factor ETF by 22.8% during the 1st quarter. Bank of America Corp DE now owns 158,826 shares of the company’s stock valued at $5,708,000 after buying an additional 29,540 shares in the last quarter. NovaPoint Capital LLC grew its holdings in iShares US Small Cap Value Factor ETF by 7.6% during the 1st quarter. NovaPoint Capital LLC now owns 16,571 shares of the company’s stock valued at $596,000 after buying an additional 1,174 shares in the last quarter. Money Concepts Capital Corp purchased a new position in iShares US Small Cap Value Factor ETF during the 1st quarter valued at approximately $98,939,000. Apeiron RIA LLC purchased a new position in iShares US Small Cap Value Factor ETF during the 1st quarter valued at approximately $1,082,000. Finally, Royal Bank of Canada grew its holdings in iShares US Small Cap Value Factor ETF by 1.1% during the 4th quarter. Royal Bank of Canada now owns 24,658 shares of the company’s stock valued at $847,000 after buying an additional 273 shares in the last quarter.

About iShares US Small Cap Value Factor ETF

The iShares US Small Cap Value Factor ETF (SVAL) is an exchange-traded fund that is based on the Russell 2000 Focused Value Select index. The fund tracks an equally-weighted index of small-cap value companies selected by multiple factors. SVAL was launched on Oct 27, 2020 and is managed by BlackRock.