iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Stock Price Down 0.8% – Here’s What Happened

Shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) were down 0.8% during mid-day trading on Monday. The stock traded as low as $83.69 and last traded at $84.12. 200,815 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 214,598 shares. The stock had previously closed at $84.79.

iShares U.S. Small Cap Equity Factor ETF Trading Down 0.8%

The firm has a 50 day simple moving average of $87.39 and a 200 day simple moving average of $84.30. The firm has a market capitalization of $4.07 billion, a PE ratio of 17.17 and a beta of 1.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SMLF. Advance Capital Management Inc. bought a new stake in iShares U.S. Small Cap Equity Factor ETF in the 1st quarter worth about $116,691,000. Valmark Advisers Inc. lifted its stake in iShares U.S. Small Cap Equity Factor ETF by 10.2% during the 1st quarter. Valmark Advisers Inc. now owns 1,334,635 shares of the company’s stock valued at $100,752,000 after acquiring an additional 123,234 shares during the period. Cetera Investment Advisers lifted its stake in iShares U.S. Small Cap Equity Factor ETF by 13.3% during the 1st quarter. Cetera Investment Advisers now owns 753,749 shares of the company’s stock valued at $56,900,000 after acquiring an additional 88,667 shares during the period. Modern Wealth Management LLC boosted its holdings in shares of 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 valued at $55,811,000 after acquiring an additional 228,292 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 11.5% during the 2nd quarter. Annex Advisory Services LLC now owns 625,277 shares of the company’s stock valued at $55,737,000 after acquiring an additional 64,316 shares during 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.