iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Hits New 52-Week High – Here’s What Happened

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.95 and last traded at $42.37, 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 Price Performance

The business’s 50 day moving average price is $42.09 and its 200-day moving average price is $41.46. The company has a market cap of $886.37 million, a P/E ratio of 17.46 and a beta of 0.63.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SMMV. Moloney Securities Asset Management LLC raised its stake 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 acquiring an additional 2,847 shares during the last quarter. Cable Hill Partners LLC acquired a new stake in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF in the third quarter valued at approximately $260,000. Flow Traders U.S. LLC acquired a new stake in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF in the third quarter valued at approximately $335,000. JPMorgan Chase & Co. increased its holdings in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 320.4% in the third 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. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF in 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.