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

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) shares hit a new 52-week high during trading on Friday . The company traded as high as $86.97 and last traded at $86.41, with a volume of 5609 shares changing hands. The stock had previously closed at $84.02.

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

The firm has a 50-day moving average price of $82.36 and a 200 day moving average price of $78.91. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 17.17 and a beta of 1.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMLF. Advance Capital Management Inc. bought a new position in iShares U.S. Small Cap Equity Factor ETF during the 1st quarter worth $116,691,000. HighTower Advisors LLC grew its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 3,218.4% in the third quarter. HighTower Advisors LLC now owns 504,897 shares of the company’s stock valued at $37,540,000 after acquiring an additional 489,682 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 36.7% in the second quarter. Ameriprise Financial Inc. now owns 1,568,204 shares of the company’s stock valued at $106,565,000 after acquiring an additional 421,138 shares in the last quarter. Bank of America Corp DE increased its position in iShares U.S. Small Cap Equity Factor ETF by 66.3% during the third quarter. Bank of America Corp DE now owns 770,271 shares of the company’s stock worth $57,270,000 after acquiring an additional 307,021 shares during the period. Finally, Madison Wealth Partners Inc bought a new position in iShares U.S. Small Cap Equity Factor ETF during the fourth quarter worth about $22,746,000.

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). SMLF was launched on Apr 28, 2015 and is managed by BlackRock.