iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Shares Break Above 50 Day Moving Average – Here’s What Happened

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $85.58 and traded as high as $86.60. iShares U.S. Small Cap Equity Factor ETF shares last traded at $85.76, with a volume of 272,736 shares trading hands.

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

The stock has a market cap of $4.24 billion, a PE ratio of 17.17 and a beta of 1.09. The business’s fifty day moving average is $85.58 and its 200 day moving average is $83.33.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Advance Capital Management Inc. acquired a new position in iShares U.S. Small Cap Equity Factor ETF during the first quarter worth about $116,691,000. Valmark Advisers Inc. increased its stake in iShares U.S. Small Cap Equity Factor ETF by 10.2% in the first quarter. Valmark Advisers Inc. now owns 1,334,635 shares of the company’s stock valued at $100,752,000 after purchasing an additional 123,234 shares during the last quarter. Acropolis Investment Management LLC acquired a new position in shares of iShares U.S. Small Cap Equity Factor ETF during the 3rd quarter valued at about $81,949,000. Cetera Investment Advisers raised its position in shares of iShares U.S. Small Cap Equity Factor ETF by 13.3% in the 1st quarter. Cetera Investment Advisers now owns 753,749 shares of the company’s stock worth $56,900,000 after buying an additional 88,667 shares during the period. Finally, Modern Wealth Management LLC increased its position in iShares U.S. Small Cap Equity Factor ETF by 45.1% during the 1st quarter. Modern Wealth Management LLC now owns 733,974 shares of the company’s stock worth $55,811,000 after purchasing an additional 228,292 shares in the last quarter.

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.