iShares US Small Cap Value Factor ETF (BATS:SVAL) Stock Price Pass Above Two Hundred Day Moving Average – What’s Next?

iShares US Small Cap Value Factor ETF (BATS:SVAL)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $31.83 and traded as high as $35.52. iShares US Small Cap Value Factor ETF shares last traded at $35.27, with a volume of 11,417 shares.

iShares US Small Cap Value Factor ETF Price Performance

The company has a market capitalization of $84.70 million, a price-to-earnings ratio of 9.52 and a beta of 1.03. The stock has a 50 day moving average price of $33.91 and a two-hundred day moving average price of $31.89.

Hedge Funds Weigh In On iShares US Small Cap Value Factor ETF

Hedge funds have recently modified their holdings of the stock. US Bancorp DE boosted its stake in iShares US Small Cap Value Factor ETF by 78.9% in the 3rd quarter. US Bancorp DE now owns 1,657 shares of the company’s stock valued at $53,000 after purchasing an additional 731 shares during the period. International Assets Investment Management LLC bought a new position in shares of iShares US Small Cap Value Factor ETF during the second quarter worth about $160,000. Global Assets Advisory LLC bought a new position in iShares US Small Cap Value Factor ETF during the third quarter worth $620,000. Jane Street Group LLC acquired a new position in iShares US Small Cap Value Factor ETF in the third quarter valued at approximately $774,000. Finally, Sanctuary Advisors LLC bought a new stake in iShares US Small Cap Value Factor ETF in the 2nd quarter valued at about $7,542,000.

iShares US Small Cap Value Factor ETF Company Profile

The iShares US Small Cap Value Factor ETF (SVAL) is an exchange-traded fund that is based on the Russell 2000 Focused Value Select index. The fund tracks an equally-weighted index of small-cap value companies selected by multiple factors. SVAL was launched on Oct 27, 2020 and is managed by BlackRock.