iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Shares Up 6.8% – Here’s Why

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) shot up 6.8% on Monday . The stock traded as high as $41.7370 and last traded at $44.2450. 34,025 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 86,510 shares. The stock had previously closed at $41.44.

iShares MSCI USA Small-Cap Min Vol Factor ETF Trading Up 6.8%

The stock has a market capitalization of $336.26 million, a P/E ratio of 18.24 and a beta of 0.69. The business has a fifty day simple moving average of $43.81 and a 200 day simple moving average of $42.99.

Hedge Funds Weigh In On iShares MSCI USA Small-Cap Min Vol Factor ETF

Several large investors have recently bought and sold shares of SMMV. Flagship Harbor Advisors LLC purchased a new position in iShares MSCI USA Small-Cap Min Vol Factor ETF during the 4th quarter worth $75,000. Root Financial Partners LLC bought a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF during the third quarter valued at about $27,000. Farther Finance Advisors LLC lifted its position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 2,874.8% during the third quarter. Farther Finance Advisors LLC now owns 3,421 shares of the company’s stock valued at $147,000 after purchasing an additional 3,306 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in iShares MSCI USA Small-Cap Min Vol Factor ETF by 11.6% during the second quarter. Ameriprise Financial Inc. now owns 207,254 shares of the company’s stock worth $8,708,000 after purchasing an additional 21,534 shares during the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF in the 2nd quarter worth about $311,000.

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.