Phillips Financial Management LLC Has $2.87 Million Position in iShares U.S. Small Cap Equity Factor ETF $SMLF

Phillips Financial Management LLC lowered its stake in shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) by 28.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,268 shares of the company’s stock after selling 17,220 shares during the quarter. Phillips Financial Management LLC owned about 0.15% of iShares U.S. Small Cap Equity Factor ETF worth $2,872,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Spire Wealth Management acquired a new stake in iShares U.S. Small Cap Equity Factor ETF during the first quarter worth approximately $28,000. Olde Wealth Management LLC bought a new stake in iShares U.S. Small Cap Equity Factor ETF during the first quarter worth $35,000. Bartlett & CO. Wealth Management LLC bought a new stake in iShares U.S. Small Cap Equity Factor ETF during the first quarter worth $88,000. Comerica Bank lifted its stake in iShares U.S. Small Cap Equity Factor ETF by 98.2% during the first quarter. Comerica Bank now owns 2,349 shares of the company’s stock worth $146,000 after purchasing an additional 1,164 shares during the last quarter. Finally, Maia Wealth LLC bought a new stake in iShares U.S. Small Cap Equity Factor ETF during the first quarter worth $207,000.

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

NYSEARCA SMLF opened at $74.61 on Wednesday. The business has a fifty day moving average price of $73.59 and a two-hundred day moving average price of $68.20. iShares U.S. Small Cap Equity Factor ETF has a fifty-two week low of $53.39 and a fifty-two week high of $75.86. The stock has a market capitalization of $2.54 billion, a PE ratio of 17.17 and a beta of 1.10.

iShares U.S. Small Cap Equity Factor ETF Profile

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).