iShares U.S. Small Cap Equity Factor ETF $SMLF Stock Holdings Boosted by Modern Wealth Management LLC

Modern Wealth Management LLC grew its position in shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) by 45.1% during the 1st quarter, Holdings Channel reports. The firm owned 733,974 shares of the company’s stock after purchasing an additional 228,292 shares during the period. iShares U.S. Small Cap Equity Factor ETF comprises 1.0% of Modern Wealth Management LLC’s investment portfolio, making the stock its 22nd largest position. Modern Wealth Management LLC’s holdings in iShares U.S. Small Cap Equity Factor ETF were worth $55,811,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Pittenger & Anderson Inc. acquired a new stake in shares of iShares U.S. Small Cap Equity Factor ETF in the first quarter valued at $25,000. Abound Wealth Management acquired a new position in iShares U.S. Small Cap Equity Factor ETF during the fourth quarter worth about $27,000. IFP Advisors Inc grew its holdings in iShares U.S. Small Cap Equity Factor ETF by 509.9% during the fourth quarter. IFP Advisors Inc now owns 433 shares of the company’s stock worth $32,000 after acquiring an additional 362 shares during the period. International Assets Investment Management LLC raised its position in iShares U.S. Small Cap Equity Factor ETF by 212.3% in the first quarter. International Assets Investment Management LLC now owns 862 shares of the company’s stock worth $66,000 after acquiring an additional 586 shares in the last quarter. Finally, Harbour Investments Inc. raised its position in iShares U.S. Small Cap Equity Factor ETF by 319.9% in the fourth quarter. Harbour Investments Inc. now owns 928 shares of the company’s stock worth $69,000 after acquiring an additional 707 shares in the last quarter.

iShares U.S. Small Cap Equity Factor ETF Trading Down 0.6%

Shares of NYSEARCA SMLF opened at $85.97 on Friday. iShares U.S. Small Cap Equity Factor ETF has a twelve month low of $67.43 and a twelve month high of $89.74. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 17.17 and a beta of 1.07. The firm has a 50-day moving average of $86.14 and a two-hundred day moving average of $81.39.

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