iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Sets New 12-Month High – Time to Buy?

Shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) reached a new 52-week high on Tuesday . The stock traded as high as $85.27 and last traded at $85.27, with a volume of 16149 shares trading hands. The stock had previously closed at $83.98.

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

The company’s fifty day moving average price is $79.62 and its 200 day moving average price is $77.75. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 17.17 and a beta of 1.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strategic Financial Services Inc. increased its position in iShares U.S. Small Cap Equity Factor ETF by 1.8% in the fourth quarter. Strategic Financial Services Inc. now owns 3,810,840 shares of the company’s stock worth $302,962,000 after buying an additional 65,743 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 6.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,328,943 shares of the company’s stock valued at $174,391,000 after acquiring an additional 135,653 shares during the period. Ameriprise Financial Inc. grew its position in shares of iShares U.S. Small Cap Equity Factor ETF by 16.4% during the third quarter. Ameriprise Financial Inc. now owns 1,826,109 shares of the company’s stock worth $135,774,000 after acquiring an additional 257,905 shares during the last quarter. Advance Capital Management Inc. acquired a new stake in shares of iShares U.S. Small Cap Equity Factor ETF in the 1st quarter worth about $116,691,000. Finally, LPL Financial LLC increased its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 17.6% in the 4th quarter. LPL Financial LLC now owns 1,388,541 shares of the company’s stock worth $103,974,000 after acquiring an additional 207,319 shares during the period.

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.