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

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $41.95 and last traded at $41.58, with a volume of 41812 shares changing hands. The stock had previously closed at $41.39.

iShares MSCI USA Small-Cap Min Vol Factor ETF Trading Up 0.4 %

The business’s 50-day simple moving average is $41.96 and its 200 day simple moving average is $41.58. The company has a market capitalization of $293.00 million, a P/E ratio of 18.62 and a beta of 0.83.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SMMV. JPMorgan Chase & Co. boosted its stake in iShares MSCI USA Small-Cap Min Vol Factor ETF by 320.4% during the 3rd 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 in the last quarter. Cable Hill Partners LLC bought a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF during the 3rd quarter valued at about $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 3rd quarter worth approximately $335,000. Moloney Securities Asset Management LLC raised its holdings 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 worth $1,161,000 after purchasing an additional 2,847 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF during the fourth quarter valued at approximately $609,000.

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.