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

Shares of iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) reached a new 52-week high on Thursday . The company traded as high as $41.95 and last traded at $41.97, with a volume of 41812 shares. The stock had previously closed at $41.39.

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

The firm has a fifty day simple moving average of $42.69 and a 200-day simple moving average of $40.84. The firm has a market cap of $879.70 million, a P/E ratio of 17.46 and a beta of 0.63.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 320.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,889 shares of the company’s stock worth $567,000 after acquiring an additional 10,585 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF during the 3rd quarter worth approximately $335,000. Cable Hill Partners LLC purchased a new stake in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF in the third quarter worth approximately $260,000. Finally, Moloney Securities Asset Management LLC lifted its holdings in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 11.1% in the third 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 in the last quarter.

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.