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

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $90.19 and last traded at $90.14, with a volume of 20512 shares changing hands. The stock had previously closed at $89.60.

iShares U.S. Small Cap Equity Factor ETF Trading Up 0.3%

The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 17.17 and a beta of 1.08. The firm’s 50 day moving average is $87.05 and its two-hundred day moving average is $82.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SMLF. Farther Finance Advisors LLC raised its holdings in iShares U.S. Small Cap Equity Factor ETF by 31.9% during the 4th quarter. Farther Finance Advisors LLC now owns 68,876 shares of the company’s stock worth $5,157,000 after buying an additional 16,638 shares during the period. Tyche Wealth Partners LLC lifted its position in iShares U.S. Small Cap Equity Factor ETF by 126.0% in the 4th quarter. Tyche Wealth Partners LLC now owns 35,857 shares of the company’s stock valued at $2,685,000 after acquiring an additional 19,988 shares in the last quarter. Valmark Advisers Inc. boosted its stake in iShares U.S. Small Cap Equity Factor ETF by 14.1% in the 4th quarter. Valmark Advisers Inc. now owns 1,211,401 shares of the company’s stock worth $90,710,000 after purchasing an additional 149,923 shares during the period. Thrivent Financial for Lutherans bought a new position in iShares U.S. Small Cap Equity Factor ETF during the 4th quarter worth about $22,271,000. Finally, Diversify Advisory Services LLC raised its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 155.9% in the 4th quarter. Diversify Advisory Services LLC now owns 15,490 shares of the company’s stock valued at $1,231,000 after purchasing an additional 9,436 shares during the period.

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.