iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Hits New 12-Month High – Still a Buy?

Shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) hit a new 52-week high on Wednesday . The company traded as high as $76.52 and last traded at $76.9240, with a volume of 52260 shares traded. The stock had previously closed at $75.60.

iShares U.S. Small Cap Equity Factor ETF Stock Up 1.5%

The firm’s fifty day moving average is $74.09 and its two-hundred day moving average is $71.46. The firm has a market cap of $2.67 billion, a P/E ratio of 17.17 and a beta of 1.10.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp bought a new position in shares of iShares U.S. Small Cap Equity Factor ETF in the 3rd quarter worth about $33,000. Creative Financial Designs Inc. ADV purchased a new stake in iShares U.S. Small Cap Equity Factor ETF in the second quarter worth about $31,000. GPS Wealth Strategies Group LLC grew its holdings in iShares U.S. Small Cap Equity Factor ETF by 1,120.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 708 shares of the company’s stock worth $48,000 after purchasing an additional 650 shares during the period. Sunbelt Securities Inc. increased its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 1,946.4% during the third quarter. Sunbelt Securities Inc. now owns 1,146 shares of the company’s stock valued at $85,000 after purchasing an additional 1,090 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of iShares U.S. Small Cap Equity Factor ETF during the third quarter valued at approximately $96,000.

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).