iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Sets New 12-Month High – Time to Buy?

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $85.27 and last traded at $85.27, with a volume of 16149 shares changing hands. The stock had previously closed at $83.98.

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

The company has a market capitalization of $3.76 billion, a PE ratio of 17.17 and a beta of 1.08. The company has a 50 day moving average price of $79.62 and a 200 day moving average price of $77.75.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of iShares U.S. Small Cap Equity Factor ETF by 150.9% in the 1st quarter. Royal Bank of Canada now owns 68,441 shares of the company’s stock worth $4,254,000 after purchasing an additional 41,163 shares during the last quarter. NewEdge Advisors LLC grew its stake in iShares U.S. Small Cap Equity Factor ETF by 20.4% in the first quarter. NewEdge Advisors LLC now owns 16,719 shares of the company’s stock worth $1,039,000 after purchasing an additional 2,832 shares in the last quarter. Jane Street Group LLC grew its stake in iShares U.S. Small Cap Equity Factor ETF by 769.0% in the first quarter. Jane Street Group LLC now owns 134,442 shares of the company’s stock worth $8,357,000 after purchasing an additional 118,972 shares in the last quarter. Peapack Gladstone Financial Corp increased its holdings in iShares U.S. Small Cap Equity Factor ETF by 506.4% in the second quarter. Peapack Gladstone Financial Corp now owns 66,351 shares of the company’s stock valued at $4,508,000 after buying an additional 55,409 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in iShares U.S. Small Cap Equity Factor ETF in the second quarter valued at about $596,000.

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.