iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Trading Down 0.7% – Should You Sell?

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV)’s share price fell 0.7% during trading on Thursday . The company traded as low as $47.45 and last traded at $47.45. 4,884 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 13,483 shares. The stock had previously closed at $47.77.

iShares MSCI USA Small-Cap Min Vol Factor ETF Stock Down 0.7%

The company has a 50-day simple moving average of $46.43 and a two-hundred day simple moving average of $45.28. The stock has a market cap of $360.62 million, a P/E ratio of 18.24 and a beta of 0.69.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in iShares MSCI USA Small-Cap Min Vol Factor ETF by 11.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 207,254 shares of the company’s stock valued at $8,708,000 after buying an additional 21,534 shares during the last quarter. Advisory Services Network LLC grew its holdings in iShares MSCI USA Small-Cap Min Vol Factor ETF by 34.9% in the 4th quarter. Advisory Services Network LLC now owns 35,641 shares of the company’s stock worth $1,544,000 after acquiring an additional 9,224 shares during the last quarter. Advisors Preferred LLC bought a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF in the 1st quarter worth $157,000. CoreCap Advisors LLC increased its position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 164.2% in the second quarter. CoreCap Advisors LLC now owns 1,371 shares of the company’s stock valued at $63,000 after acquiring an additional 852 shares during the period. Finally, Oarsman Capital Inc. purchased a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF in the second quarter valued at about $112,000.

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.