iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Hits New 12-Month High – Time to Buy?

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $41.95 and last traded at $42.63, with a volume of 41812 shares traded. The stock had previously closed at $41.39.

iShares MSCI USA Small-Cap Min Vol Factor ETF Price Performance

The firm has a market capitalization of $890.86 million, a price-to-earnings ratio of 17.46 and a beta of 0.63. The stock has a 50 day moving average price of $42.60 and a two-hundred day moving average price of $40.97.

Institutional Trading of iShares MSCI USA Small-Cap Min Vol Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC purchased a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF during the 4th quarter worth approximately $609,000. JPMorgan Chase & Co. grew its stake 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 worth $567,000 after acquiring an additional 10,585 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF during the third quarter worth $335,000. 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 $260,000. Finally, Moloney Securities Asset Management LLC boosted its holdings in 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 purchasing an additional 2,847 shares during the period.

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.