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) dropped 0.8% on Monday. The company traded as low as $83.69 and last traded at $84.12. Approximately 200,815 shares traded hands during trading, a decline of 6% from the average daily volume of 214,598 shares. The stock had previously closed at $84.79.

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

The stock has a market cap of $4.07 billion, a P/E ratio of 17.17 and a beta of 1.08. The firm has a 50-day moving average price of $87.39 and a 200-day moving average price of $84.30.

Hedge Funds Weigh In On iShares U.S. Small Cap Equity Factor ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI increased its stake in iShares U.S. Small Cap Equity Factor ETF by 1.7% during the 1st quarter. Citizens Financial Group Inc. RI now owns 10,359 shares of the company’s stock valued at $782,000 after purchasing an additional 175 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 4.9% in the first quarter. Arkadios Wealth Advisors now owns 3,749 shares of the company’s stock worth $283,000 after buying an additional 176 shares in the last quarter. Pittenger & Anderson Inc. bought a new position in shares of iShares U.S. Small Cap Equity Factor ETF in the first quarter worth approximately $25,000. Triumph Capital Management lifted its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 138.8% in the second quarter. Triumph Capital Management now owns 578 shares of the company’s stock worth $47,000 after buying an additional 336 shares in the last quarter. Finally, Cora Capital Advisors LLC grew its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 0.4% during the first quarter. Cora Capital Advisors LLC now owns 89,134 shares of the company’s stock valued at $6,729,000 after buying an additional 352 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.