iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Stock Price Up 0.4% – Here’s Why

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) shares traded up 0.4% during trading on Monday . The company traded as high as $41.95 and last traded at $41.56. 41,812 shares traded hands during trading, a decline of 61% from the average session volume of 108,291 shares. The stock had previously closed at $41.39.

iShares MSCI USA Small-Cap Min Vol Factor ETF Stock Up 0.3 %

The company has a market cap of $286.34 million, a price-to-earnings ratio of 18.06 and a beta of 0.82. The stock has a 50 day simple moving average of $41.84 and a 200 day simple moving average of $41.83.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Flow Traders U.S. LLC acquired a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF during the third quarter worth $335,000. JPMorgan Chase & Co. lifted its holdings in iShares MSCI USA Small-Cap Min Vol Factor ETF by 320.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,889 shares of the company’s stock worth $567,000 after buying an additional 10,585 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in iShares MSCI USA Small-Cap Min Vol Factor ETF in the 4th quarter valued at about $609,000. Finally, Moloney Securities Asset Management LLC grew its stake in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 4.2% during the fourth quarter. Moloney Securities Asset Management LLC now owns 29,645 shares of the company’s stock valued at $1,229,000 after acquiring an additional 1,186 shares in the last quarter.

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.