iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Sets New 1-Year High – Here’s What Happened

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) hit a new 52-week high during trading on Thursday . The stock traded as high as $68.14 and last traded at $68.04, with a volume of 3115 shares trading hands. The stock had previously closed at $67.95.

iShares U.S. Small Cap Equity Factor ETF Stock Down 0.2 %

The stock has a market capitalization of $1.14 billion, a P/E ratio of 13.60 and a beta of 1.19. The stock has a 50 day simple moving average of $64.92 and a two-hundred day simple moving average of $62.86.

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

Several hedge funds and other institutional investors have recently made changes to their positions in SMLF. Pacific Center for Financial Services acquired a new stake in iShares U.S. Small Cap Equity Factor ETF in the first quarter valued at $24,098,000. Valmark Advisers Inc. bought a new position in iShares U.S. Small Cap Equity Factor ETF during the second quarter worth about $22,149,000. Searcy Financial Services Inc. ADV bought a new position in iShares U.S. Small Cap Equity Factor ETF during the second quarter worth about $21,283,000. Reston Wealth Management LLC acquired a new position in iShares U.S. Small Cap Equity Factor ETF during the first quarter worth approximately $14,541,000. Finally, Fox Financial Inc bought a new stake in iShares U.S. Small Cap Equity Factor ETF in the second quarter valued at approximately $10,100,000.

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).