iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) is GEM Asset Management LLC’s 9th Largest Position

GEM Asset Management LLC grew its stake in shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) by 11.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 70,806 shares of the company’s stock after purchasing an additional 7,113 shares during the period. iShares U.S. Small Cap Equity Factor ETF makes up about 2.7% of GEM Asset Management LLC’s holdings, making the stock its 9th largest holding. GEM Asset Management LLC’s holdings in iShares U.S. Small Cap Equity Factor ETF were worth $4,779,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Concord Wealth Partners raised its holdings in iShares U.S. Small Cap Equity Factor ETF by 126.2% during the fourth quarter. Concord Wealth Partners now owns 441 shares of the company’s stock worth $30,000 after purchasing an additional 246 shares during the last quarter. S.A. Mason LLC acquired a new position in shares of iShares U.S. Small Cap Equity Factor ETF during the 3rd quarter worth $97,000. Leavell Investment Management Inc. acquired a new position in shares of iShares U.S. Small Cap Equity Factor ETF during the 3rd quarter worth $200,000. Arkadios Wealth Advisors purchased a new stake in shares of iShares U.S. Small Cap Equity Factor ETF in the 3rd quarter worth about $206,000. Finally, Cadence Bank acquired a new stake in iShares U.S. Small Cap Equity Factor ETF in the 3rd quarter valued at about $210,000.

iShares U.S. Small Cap Equity Factor ETF Trading Down 0.5 %

Shares of SMLF opened at $69.91 on Wednesday. The company has a 50-day moving average of $69.97 and a two-hundred day moving average of $67.62. The stock has a market cap of $1.18 billion, a P/E ratio of 13.60 and a beta of 1.19. iShares U.S. Small Cap Equity Factor ETF has a 12-month low of $57.87 and a 12-month high of $74.69.

iShares U.S. Small Cap Equity Factor ETF Profile

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).