iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Reaches New 1-Year High – Here’s What Happened

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) hit a new 52-week high on Tuesday . The company traded as high as $41.95 and last traded at $42.42, with a volume of 41812 shares traded. The stock had previously closed at $41.39.

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

The business has a 50-day simple moving average of $42.53 and a two-hundred day simple moving average of $41.11. The stock has a market cap of $886.66 million, a price-to-earnings ratio of 17.46 and a beta of 0.63.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Cable Hill Partners LLC acquired a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF in the third quarter valued at approximately $260,000. Flow Traders U.S. LLC acquired a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF in the third quarter valued at approximately $335,000. JPMorgan Chase & Co. grew its position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 320.4% in the third quarter. JPMorgan Chase & Co. now owns 13,889 shares of the company’s stock valued at $567,000 after purchasing an additional 10,585 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF in the fourth quarter valued at approximately $609,000. Finally, Moloney Securities Asset Management LLC grew its position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 11.1% in the third 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 during the last quarter.

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.