Wealth Enhancement Trust Services Inc. Invests $10.63 Million in iShares U.S. Small Cap Equity Factor ETF $SMLF

Wealth Enhancement Trust Services Inc. bought a new position in iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) during the 4th quarter, Holdings Channel.com reports. The firm bought 141,964 shares of the company’s stock, valued at approximately $10,630,000. iShares U.S. Small Cap Equity Factor ETF accounts for about 1.3% of Wealth Enhancement Trust Services Inc.’s portfolio, making the stock its 14th largest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Roof Eidam Maycock Peralta LLC bought a new position in shares of iShares U.S. Small Cap Equity Factor ETF in the fourth quarter worth approximately $259,000. J.M. Arbour LLC purchased a new position in iShares U.S. Small Cap Equity Factor ETF during the 4th quarter valued at $581,000. CWM LLC increased its position in iShares U.S. Small Cap Equity Factor ETF by 20.1% during the 4th quarter. CWM LLC now owns 21,773 shares of the company’s stock valued at $1,630,000 after purchasing an additional 3,647 shares during the period. Harbor Asset Planning Inc. raised its holdings in iShares U.S. Small Cap Equity Factor ETF by 3.9% in the 4th quarter. Harbor Asset Planning Inc. now owns 35,915 shares of the company’s stock worth $2,689,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Valmark Advisers Inc. raised its holdings in iShares U.S. Small Cap Equity Factor ETF by 14.1% in the 4th quarter. Valmark Advisers Inc. now owns 1,211,401 shares of the company’s stock worth $90,710,000 after purchasing an additional 149,923 shares in the last quarter.

iShares U.S. Small Cap Equity Factor ETF Trading Up 2.1%

NYSEARCA:SMLF opened at $82.59 on Friday. The company has a 50-day moving average price of $77.52 and a 200-day moving average price of $76.32. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 17.17 and a beta of 1.09. iShares U.S. Small Cap Equity Factor ETF has a 12 month low of $56.17 and a 12 month high of $83.19.

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). SMLF was launched on Apr 28, 2015 and is managed by BlackRock.