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

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) shares hit a new 52-week high on Friday . The company traded as high as $66.91 and last traded at $66.91, with a volume of 10340 shares changing hands. The stock had previously closed at $65.76.

iShares U.S. Small Cap Equity Factor ETF Trading Up 1.8 %

The company has a market cap of $1.13 billion, a PE ratio of 13.60 and a beta of 1.19. The stock has a fifty day simple moving average of $64.13 and a two-hundred day simple moving average of $62.67.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SMLF. ORG Partners LLC purchased a new position in iShares U.S. Small Cap Equity Factor ETF in the 2nd quarter valued at about $91,000. O Shaughnessy Asset Management LLC raised its holdings in iShares U.S. Small Cap Equity Factor ETF by 34.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,883 shares of the company’s stock valued at $120,000 after acquiring an additional 481 shares during the last quarter. American Capital Advisory LLC purchased a new position in shares of iShares U.S. Small Cap Equity Factor ETF during the 1st quarter worth $156,000. International Assets Investment Management LLC acquired a new stake in shares of iShares U.S. Small Cap Equity Factor ETF during the second quarter worth $174,000. Finally, Cadence Bank purchased a new stake in shares of iShares U.S. Small Cap Equity Factor ETF in the first quarter valued at $201,000.

About iShares U.S. Small Cap Equity Factor ETF

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).