iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Reaches New 12-Month High – Still a Buy?

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $41.95 and last traded at $41.99, with a volume of 41812 shares. The stock had previously closed at $41.39.

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

The business has a fifty day moving average price of $41.92 and a 200 day moving average price of $41.68. The company has a market capitalization of $296.52 million, a price-to-earnings ratio of 18.62 and a beta of 0.83.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in iShares MSCI USA Small-Cap Min Vol Factor ETF by 509.8% during the fourth quarter. JPMorgan Chase & Co. now owns 84,699 shares of the company’s stock valued at $3,512,000 after purchasing an additional 70,810 shares during the last quarter. Moloney Securities Asset Management LLC increased its position in iShares MSCI USA Small-Cap Min Vol Factor ETF by 4.2% during the fourth quarter. Moloney Securities Asset Management LLC now owns 29,645 shares of the company’s stock worth $1,229,000 after acquiring an additional 1,186 shares during the period. Janney Montgomery Scott LLC acquired a new position in iShares MSCI USA Small-Cap Min Vol Factor ETF during the 4th quarter valued at $609,000. Flow Traders U.S. LLC acquired a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF in the 3rd quarter worth $335,000. Finally, Cable Hill Partners LLC bought a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF during the 3rd quarter worth about $260,000.

iShares MSCI USA Small-Cap Min Vol Factor ETF Company Profile

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.