iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Trading 0.4% Higher – Here’s What Happened

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMVGet Free Report)’s share price rose 0.4% during trading on Monday . The company traded as high as $41.95 and last traded at $41.56. Approximately 41,812 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 108,291 shares. The stock had previously closed at $41.39.

iShares MSCI USA Small-Cap Min Vol Factor ETF Stock Up 0.4 %

The company has a market cap of $286.76 million, a P/E ratio of 18.06 and a beta of 0.82. The firm has a fifty day moving average price of $41.83 and a 200 day moving average price of $41.82.

Institutional Investors Weigh In On iShares MSCI USA Small-Cap Min Vol Factor ETF

Hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC bought a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF in the third quarter worth about $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. 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. Finally, Moloney Securities Asset Management LLC raised its position in iShares MSCI USA Small-Cap Min Vol Factor ETF by 4.2% in the 4th quarter. Moloney Securities Asset Management LLC now owns 29,645 shares of the company’s stock worth $1,229,000 after purchasing an additional 1,186 shares during the last quarter.

About iShares MSCI USA Small-Cap Min Vol Factor ETF

(Get Free Report)

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.

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