iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Reaches New 12-Month High – Here’s Why

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) shares hit a new 52-week high on Monday . The company traded as high as $44.52 and last traded at $44.29, with a volume of 21566 shares trading hands. The stock had previously closed at $44.00.

iShares MSCI USA Small-Cap Min Vol Factor ETF Trading Up 0.7 %

The stock has a market capitalization of $926.06 million, a PE ratio of 17.46 and a beta of 0.63. The stock has a 50 day moving average price of $41.52 and a 200-day moving average price of $39.44.

Hedge Funds Weigh In On iShares MSCI USA Small-Cap Min Vol Factor ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Moloney Securities Asset Management LLC increased its holdings in iShares MSCI USA Small-Cap Min Vol Factor ETF by 196.6% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 25,612 shares of the company’s stock worth $955,000 after acquiring an additional 16,976 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF in the third quarter worth about $335,000. Cable Hill Partners LLC purchased a new stake in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF during the third quarter worth about $260,000. Finally, Mosaic Family Wealth Partners LLC raised its stake in iShares MSCI USA Small-Cap Min Vol Factor ETF by 6.8% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 18,104 shares of the company’s stock valued at $678,000 after purchasing an additional 1,157 shares during the period.

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.