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 $89.78 and last traded at $89.77, with a volume of 65587 shares. The stock had previously closed at $87.76.

iShares U.S. Small Cap Equity Factor ETF Trading Up 2.2%

The company has a fifty day simple moving average of $86.67 and a two-hundred day simple moving average of $81.80. The company has a market cap of $4.26 billion, a PE ratio of 17.17 and a beta of 1.07.

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

A number of institutional investors and hedge funds have recently made changes to their positions in SMLF. Annex Advisory Services LLC increased its stake in shares of 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 buying an additional 64,316 shares during the period. Redhawk Wealth Advisors Inc. lifted its stake in iShares U.S. Small Cap Equity Factor ETF by 227.4% in the second quarter. Redhawk Wealth Advisors Inc. now owns 93,331 shares of the company’s stock worth $8,320,000 after acquiring an additional 64,821 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in iShares U.S. Small Cap Equity Factor ETF by 2.5% in the second quarter. Wealthcare Advisory Partners LLC now owns 87,399 shares of the company’s stock worth $7,791,000 after acquiring an additional 2,099 shares during the last quarter. Focus Financial Network Inc. purchased a new position in iShares U.S. Small Cap Equity Factor ETF in the second quarter worth approximately $223,000. Finally, Dynamic Advisor Solutions LLC grew its holdings in iShares U.S. Small Cap Equity Factor ETF by 9.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,150 shares of the company’s stock worth $459,000 after acquiring an additional 459 shares in the last quarter.

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.