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

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV)’s stock price reached a new 52-week high 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 Stock Up 1.0 %

The firm’s fifty day moving average is $41.92 and its two-hundred day moving average is $41.62. The firm has a market cap of $294.82 million, a P/E ratio of 18.62 and a beta of 0.83.

Institutional Trading of iShares MSCI USA Small-Cap Min Vol Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in iShares MSCI USA Small-Cap Min Vol Factor ETF by 509.8% in the fourth quarter. JPMorgan Chase & Co. now owns 84,699 shares of the company’s stock worth $3,512,000 after purchasing an additional 70,810 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF in the fourth quarter worth $609,000. Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF in the third quarter worth $335,000. Cable Hill Partners LLC purchased a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF in the 3rd quarter worth about $260,000. Finally, Moloney Securities Asset Management LLC boosted its stake in 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.

iShares MSCI USA Small-Cap Min Vol Factor ETF Company Profile

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.