iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Sets New 52-Week High – Here’s What Happened

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $89.29 and last traded at $89.14, with a volume of 157793 shares trading hands. The stock had previously closed at $88.61.

iShares U.S. Small Cap Equity Factor ETF Price Performance

The company has a market cap of $4.14 billion, a PE ratio of 17.17 and a beta of 1.07. The business has a fifty day simple moving average of $84.85 and a two-hundred day simple moving average of $80.19.

Hedge Funds Weigh In On iShares U.S. Small Cap Equity Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMLF. Arkadios Wealth Advisors boosted its holdings in iShares U.S. Small Cap Equity Factor ETF by 4.0% in the fourth quarter. Arkadios Wealth Advisors now owns 3,573 shares of the company’s stock worth $268,000 after acquiring an additional 138 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in iShares U.S. Small Cap Equity Factor ETF by 1.7% during the 1st quarter. Citizens Financial Group Inc. RI now owns 10,359 shares of the company’s stock worth $782,000 after buying an additional 175 shares during the last quarter. Independent Advisor Alliance raised its position in iShares U.S. Small Cap Equity Factor ETF by 4.0% during the 4th quarter. Independent Advisor Alliance now owns 5,438 shares of the company’s stock worth $407,000 after buying an additional 210 shares during the last quarter. Ascent Wealth Partners LLC lifted its stake in iShares U.S. Small Cap Equity Factor ETF by 2.0% during the 4th quarter. Ascent Wealth Partners LLC now owns 10,871 shares of the company’s stock valued at $814,000 after acquiring an additional 216 shares during the period. Finally, Golden State Equity Partners lifted its stake in iShares U.S. Small Cap Equity Factor ETF by 3.7% during the 4th quarter. Golden State Equity Partners now owns 6,590 shares of the company’s stock valued at $492,000 after acquiring an additional 236 shares during the period.

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.