iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Trading Up 1.7% – Here’s What Happened

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV)’s share price rose 1.7% during trading on Wednesday . The company traded as high as $41.7370 and last traded at $42.16. Approximately 34,025 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 86,510 shares. The stock had previously closed at $41.44.

iShares MSCI USA Small-Cap Min Vol Factor ETF Stock Performance

The business has a fifty day moving average of $42.62 and a two-hundred day moving average of $42.33. The firm has a market cap of $323.87 million, a price-to-earnings ratio of 18.24 and a beta of 0.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 11.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 207,254 shares of the company’s stock valued at $8,708,000 after acquiring an additional 21,534 shares during the last quarter. Nova Wealth Management Inc. boosted its stake in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 2,632.3% during the 2nd quarter. Nova Wealth Management Inc. now owns 7,951 shares of the company’s stock worth $334,000 after acquiring an additional 7,660 shares in the last quarter. Coldstream Capital Management Inc. purchased a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF in the second quarter worth approximately $311,000. Rossby Financial LCC grew its holdings in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 317.8% during the second quarter. Rossby Financial LCC now owns 8,940 shares of the company’s stock valued at $376,000 after buying an additional 6,800 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in iShares MSCI USA Small-Cap Min Vol Factor ETF by 2,874.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,421 shares of the company’s stock valued at $147,000 after buying an additional 3,306 shares during the period.

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.