Parsons Capital Management Inc. RI Invests $469,000 in iShares U.S. Small Cap Equity Factor ETF $SMLF

Parsons Capital Management Inc. RI acquired a new position in shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 6,308 shares of the company’s stock, valued at approximately $469,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dynamic Wealth Strategies LLC increased its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 0.9% in the third quarter. Dynamic Wealth Strategies LLC now owns 20,583 shares of the company’s stock valued at $1,530,000 after purchasing an additional 181 shares during the last quarter. Arkadios Wealth Advisors raised its position in iShares U.S. Small Cap Equity Factor ETF by 7.9% in the third quarter. Arkadios Wealth Advisors now owns 3,435 shares of the company’s stock valued at $255,000 after purchasing an additional 252 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 3.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 27,473 shares of the company’s stock worth $2,040,000 after purchasing an additional 897 shares during the period. Leavell Investment Management Inc. boosted its stake in iShares U.S. Small Cap Equity Factor ETF by 24.7% during the third quarter. Leavell Investment Management Inc. now owns 5,087 shares of the company’s stock worth $378,000 after buying an additional 1,007 shares during the period. Finally, PTM Wealth Management LLC boosted its position in shares of iShares U.S. Small Cap Equity Factor ETF by 5.4% during the 3rd quarter. PTM Wealth Management LLC now owns 171,808 shares of the company’s stock worth $12,898,000 after purchasing an additional 8,746 shares during the period.

iShares U.S. Small Cap Equity Factor ETF Trading Up 2.0%

SMLF stock opened at $79.94 on Thursday. The business’s fifty day moving average price is $75.80 and its 200 day moving average price is $73.69. iShares U.S. Small Cap Equity Factor ETF has a 12-month low of $53.39 and a 12-month high of $80.22. The company has a market capitalization of $3.13 billion, a PE ratio of 17.17 and a beta of 1.10.

iShares U.S. Small Cap Equity Factor ETF 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.