iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Reaches New 1-Year High – Time to Buy?

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV)’s share price hit a new 52-week high on Monday . The stock traded as high as $41.95 and last traded at $41.99, with a volume of 41812 shares trading hands. The stock had previously closed at $41.39.

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

The firm has a market capitalization of $292.79 million, a price-to-earnings ratio of 18.62 and a beta of 0.83. The firm’s 50-day moving average price is $41.91 and its two-hundred day moving average price is $41.71.

Institutional Investors Weigh In On iShares MSCI USA Small-Cap Min Vol Factor ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 509.8% during the 4th quarter. JPMorgan Chase & Co. now owns 84,699 shares of the company’s stock worth $3,512,000 after buying an additional 70,810 shares during the period. Janney Montgomery Scott LLC acquired a new position in iShares MSCI USA Small-Cap Min Vol Factor ETF during the fourth quarter worth $609,000. Flow Traders U.S. LLC acquired a new position in iShares MSCI USA Small-Cap Min Vol Factor ETF during the third quarter worth $335,000. Cable Hill Partners LLC bought a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF during the third quarter valued at $260,000. Finally, Moloney Securities Asset Management LLC boosted its stake in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 11.1% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 28,459 shares of the company’s stock valued at $1,161,000 after purchasing an additional 2,847 shares in the last quarter.

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.