iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Stock Price Down 0.7% – What’s Next?

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV)’s share price dropped 0.7% during trading on Thursday . The company traded as low as $47.45 and last traded at $47.45. 4,884 shares were traded during trading, a decline of 64% from the average daily volume of 13,483 shares. The stock had previously closed at $47.77.

iShares MSCI USA Small-Cap Min Vol Factor ETF Trading Up 0.5%

The business has a 50 day moving average price of $46.49 and a 200 day moving average price of $45.30. The company has a market capitalization of $362.29 million, a P/E ratio of 18.24 and a beta of 0.69.

Hedge Funds Weigh In On iShares MSCI USA Small-Cap Min Vol Factor ETF

Several institutional investors have recently modified their holdings of SMMV. Continuum Advisory LLC bought a new position in iShares MSCI USA Small-Cap Min Vol Factor ETF in the second quarter valued at approximately $235,000. Community Bank & Trust Waco Texas bought a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF during the 2nd quarter worth approximately $601,000. Oarsman Capital Inc. bought a new position in iShares MSCI USA Small-Cap Min Vol Factor ETF in the second quarter valued at $112,000. CoreCap Advisors LLC grew its holdings in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 164.2% in the 2nd quarter. CoreCap Advisors LLC now owns 1,371 shares of the company’s stock valued at $63,000 after acquiring an additional 852 shares in the last quarter. Finally, Advisors Preferred LLC acquired a new position in iShares MSCI USA Small-Cap Min Vol Factor ETF during the first quarter valued at approximately $157,000.

About iShares MSCI USA Small-Cap Min Vol Factor ETF

The iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US-listed small capitalization stocks selected and weighted to create a low volatility portfolio, subject to constraints. SMMV was launched on Sep 7, 2016 and is managed by BlackRock.