iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Hits New 1-Year High – Should You Buy?

Shares of iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $41.95 and last traded at $41.97, with a volume of 41812 shares changing hands. The stock had previously closed at $41.39.

iShares MSCI USA Small-Cap Min Vol Factor ETF Trading Up 1.8 %

The business’s fifty day simple moving average is $42.63 and its 200 day simple moving average is $40.88. The stock has a market cap of $880.31 million, a price-to-earnings ratio of 17.46 and a beta of 0.63.

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

A number of hedge funds have recently modified their holdings of SMMV. Cable Hill Partners LLC bought a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF during the third quarter worth $260,000. Flow Traders U.S. LLC acquired a new stake in iShares MSCI USA Small-Cap Min Vol Factor ETF during the 3rd quarter worth $335,000. JPMorgan Chase & Co. raised its stake in iShares MSCI USA Small-Cap Min Vol Factor ETF by 320.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,889 shares of the company’s stock worth $567,000 after buying an additional 10,585 shares during the period. Janney Montgomery Scott LLC bought a new position in iShares MSCI USA Small-Cap Min Vol Factor ETF during the fourth quarter worth about $609,000. Finally, Moloney Securities Asset Management LLC grew its stake 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 acquiring 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.