iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Reaches New 52-Week High – Time to Buy?

Shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) hit a new 52-week high during trading on Tuesday . The company traded as high as $90.19 and last traded at $90.14, with a volume of 20512 shares trading hands. The stock had previously closed at $89.60.

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

The company has a market cap of $4.27 billion, a PE ratio of 17.17 and a beta of 1.08. The company’s fifty day moving average price is $87.05 and its 200 day moving average price is $82.16.

Institutional Investors Weigh In On iShares U.S. Small Cap Equity Factor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Pittenger & Anderson Inc. bought a new stake in shares of iShares U.S. Small Cap Equity Factor ETF during the first quarter valued at approximately $25,000. IFP Advisors Inc boosted its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 509.9% in the 4th quarter. IFP Advisors Inc now owns 433 shares of the company’s stock valued at $32,000 after buying an additional 362 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of iShares U.S. Small Cap Equity Factor ETF during the first quarter worth about $47,000. International Assets Investment Management LLC lifted its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 212.3% during the first quarter. International Assets Investment Management LLC now owns 862 shares of the company’s stock worth $66,000 after purchasing an additional 586 shares during the period. Finally, Harbour Investments Inc. boosted its holdings 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 valued at $69,000 after purchasing an additional 707 shares during the last quarter.

iShares U.S. Small Cap Equity Factor ETF Company 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.