Wealth Enhancement Trust Services Inc. cut its holdings in shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF – Free Report) by 17.7% in the third quarter, HoldingsChannel.com reports. The firm owned 94,299 shares of the company’s stock after selling 20,224 shares during the quarter. iShares U.S. Small Cap Equity Factor ETF accounts for about 0.8% of Wealth Enhancement Trust Services Inc.’s investment portfolio, making the stock its 25th largest holding. Wealth Enhancement Trust Services Inc.’s holdings in iShares U.S. Small Cap Equity Factor ETF were worth $7,880,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SMLF. Advance Capital Management Inc. purchased a new stake in iShares U.S. Small Cap Equity Factor ETF in the 1st quarter valued at about $116,691,000. Valmark Advisers Inc. boosted its stake in iShares U.S. Small Cap Equity Factor ETF by 10.2% during the first quarter. Valmark Advisers Inc. now owns 1,334,635 shares of the company’s stock worth $100,752,000 after buying an additional 123,234 shares during the period. Cetera Investment Advisers boosted its stake in iShares U.S. Small Cap Equity Factor ETF by 13.3% during the first quarter. Cetera Investment Advisers now owns 753,749 shares of the company’s stock worth $56,900,000 after buying an additional 88,667 shares during the period. Modern Wealth Management LLC increased its position in shares of iShares U.S. Small Cap Equity Factor ETF by 45.1% during the first quarter. Modern Wealth Management LLC now owns 733,974 shares of the company’s stock valued at $55,811,000 after acquiring an additional 228,292 shares during the last quarter. Finally, Annex Advisory Services LLC raised its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 11.5% in the 2nd quarter. Annex Advisory Services LLC now owns 625,277 shares of the company’s stock valued at $55,737,000 after acquiring an additional 64,316 shares during the period.
iShares U.S. Small Cap Equity Factor ETF Price Performance
Shares of SMLF stock traded down $1.07 during trading hours on Wednesday, hitting $84.63. The company had a trading volume of 291,173 shares, compared to its average volume of 214,363. The stock has a market capitalization of $4.10 billion, a PE ratio of 17.17 and a beta of 1.09. The company’s fifty day moving average is $87.16 and its 200 day moving average is $84.77. iShares U.S. Small Cap Equity Factor ETF has a fifty-two week low of $70.00 and a fifty-two week high of $90.74.
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.
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Want to see what other hedge funds are holding SMLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF – Free Report).
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