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)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $89.78 and last traded at $89.77, with a volume of 65587 shares changing hands. The stock had previously closed at $87.76.

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

The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 17.17 and a beta of 1.07. The firm has a 50-day simple moving average of $86.67 and a two-hundred day simple moving average of $81.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strategic Financial Services Inc. increased its stake in iShares U.S. Small Cap Equity Factor ETF by 1.8% during the 4th quarter. Strategic Financial Services Inc. now owns 3,810,840 shares of the company’s stock worth $302,962,000 after buying an additional 65,743 shares during the period. Wells Fargo & Company MN boosted its position in iShares U.S. Small Cap Equity Factor ETF by 6.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,328,943 shares of the company’s stock valued at $174,391,000 after buying an additional 135,653 shares during the period. Ameriprise Financial Inc. grew its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 16.4% in the third quarter. Ameriprise Financial Inc. now owns 1,826,109 shares of the company’s stock worth $135,774,000 after acquiring an additional 257,905 shares in the last quarter. Advance Capital Management Inc. purchased a new stake in shares of iShares U.S. Small Cap Equity Factor ETF during the first quarter worth $116,691,000. Finally, LPL Financial LLC increased its position in shares of iShares U.S. Small Cap Equity Factor ETF by 17.6% during the fourth quarter. LPL Financial LLC now owns 1,388,541 shares of the company’s stock worth $103,974,000 after acquiring an additional 207,319 shares during the period.

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.