iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Trading 5.9% Higher – What’s Next?

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV)’s stock price were up 5.9% during trading on Monday . The company traded as high as $41.7370 and last traded at $43.9010. Approximately 34,025 shares were traded during 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 Price Performance

The firm has a market capitalization of $333.60 million, a PE ratio of 18.24 and a beta of 0.69. The firm has a fifty day moving average price of $42.88 and a 200 day moving average price of $42.57.

Institutional Trading of iShares MSCI USA Small-Cap Min Vol Factor ETF

A number of hedge funds have recently bought and sold shares of SMMV. Coldstream Capital Management Inc. purchased a new position in iShares MSCI USA Small-Cap Min Vol Factor ETF during the 2nd quarter worth approximately $311,000. Nova Wealth Management Inc. increased its position in iShares MSCI USA Small-Cap Min Vol Factor ETF by 2,632.3% in the 2nd quarter. Nova Wealth Management Inc. now owns 7,951 shares of the company’s stock worth $334,000 after purchasing an additional 7,660 shares during the last quarter. Rossby Financial LCC raised its position in 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 acquiring an additional 6,800 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 11.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 207,254 shares of the company’s stock valued at $8,708,000 after purchasing an additional 21,534 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in iShares MSCI USA Small-Cap Min Vol Factor ETF during the third quarter valued at about $27,000.

iShares MSCI USA Small-Cap Min Vol Factor ETF Company Profile

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.