XML Financial LLC Takes Position in iShares U.S. Small Cap Equity Factor ETF $SMLF

XML Financial LLC purchased a new stake in shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) in the second quarter, HoldingsChannel reports. The institutional investor purchased 21,422 shares of the company’s stock, valued at approximately $1,910,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Royal Bank of Canada raised its stake in iShares U.S. Small Cap Equity Factor ETF by 150.9% in the first quarter. Royal Bank of Canada now owns 68,441 shares of the company’s stock valued at $4,254,000 after purchasing an additional 41,163 shares in the last quarter. NewEdge Advisors LLC grew its stake in iShares U.S. Small Cap Equity Factor ETF by 20.4% in the 1st quarter. NewEdge Advisors LLC now owns 16,719 shares of the company’s stock worth $1,039,000 after buying an additional 2,832 shares in the last quarter. Jane Street Group LLC grew its stake in iShares U.S. Small Cap Equity Factor ETF by 769.0% in the 1st quarter. Jane Street Group LLC now owns 134,442 shares of the company’s stock worth $8,357,000 after buying an additional 118,972 shares in the last quarter. Peapack Gladstone Financial Corp increased its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 506.4% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 66,351 shares of the company’s stock worth $4,508,000 after buying an additional 55,409 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new position in shares of iShares U.S. Small Cap Equity Factor ETF in the 2nd quarter worth $596,000.

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

iShares U.S. Small Cap Equity Factor ETF stock opened at $86.61 on Wednesday. The firm’s fifty day moving average price is $88.05 and its 200-day moving average price is $83.31. The stock has a market cap of $4.11 billion, a P/E ratio of 17.17 and a beta of 1.08. iShares U.S. Small Cap Equity Factor ETF has a fifty-two week low of $70.00 and a fifty-two week high of $90.74.

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.