iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Reaches New 12-Month High – Here’s What Happened

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $43.46 and last traded at $43.24, with a volume of 18209 shares changing hands. The stock had previously closed at $43.25.

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

The stock’s 50 day simple moving average is $42.50 and its 200 day simple moving average is $40.13. The firm has a market cap of $903.72 million, a PE ratio of 17.46 and a beta of 0.63.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Moloney Securities Asset Management LLC increased its position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 11.1% during 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 during the last quarter. Cable Hill Partners LLC bought a new position in iShares MSCI USA Small-Cap Min Vol Factor ETF in the third quarter worth approximately $260,000. Finally, Flow Traders U.S. LLC bought a new position in iShares MSCI USA Small-Cap Min Vol Factor ETF in the third quarter worth approximately $335,000.

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.