iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) Reaches New 1-Year High – Time to Buy?

iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) shares hit a new 52-week high on Tuesday . The stock traded as high as $83.61 and last traded at $83.61, with a volume of 7011 shares trading hands. The stock had previously closed at $83.14.

iShares U.S. Small Cap Equity Factor ETF Stock Performance

The company has a fifty day simple moving average of $77.58 and a two-hundred day simple moving average of $76.39. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 17.17 and a beta of 1.09.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SMLF. Valmark Advisers Inc. raised its position in shares of iShares U.S. Small Cap Equity Factor ETF by 186.0% in the 3rd quarter. Valmark Advisers Inc. now owns 1,061,478 shares of the company’s stock worth $78,921,000 after buying an additional 690,272 shares during the period. HighTower Advisors LLC raised its position in shares of iShares U.S. Small Cap Equity Factor ETF by 3,218.4% in the 3rd quarter. HighTower Advisors LLC now owns 504,897 shares of the company’s stock worth $37,540,000 after buying an additional 489,682 shares during the period. Ameriprise Financial Inc. raised its position in shares of iShares U.S. Small Cap Equity Factor ETF by 36.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,568,204 shares of the company’s stock worth $106,565,000 after buying an additional 421,138 shares during the period. Bank of America Corp DE raised its position in shares of iShares U.S. Small Cap Equity Factor ETF by 66.3% in the 3rd quarter. Bank of America Corp DE now owns 770,271 shares of the company’s stock worth $57,270,000 after buying an additional 307,021 shares during the period. Finally, Madison Wealth Partners Inc purchased a new position in shares of iShares U.S. Small Cap Equity Factor ETF in the 4th quarter worth $22,746,000.

About iShares U.S. Small Cap Equity Factor ETF

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). SMLF was launched on Apr 28, 2015 and is managed by BlackRock.