iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Sets New 12-Month High – Should You Buy?

Shares of iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $40.55 and last traded at $40.25, with a volume of 27986 shares traded. The stock had previously closed at $40.74.

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

The stock’s 50-day moving average price is $39.90 and its 200-day moving average price is $38.17. The company has a market cap of $848.75 million, a P/E ratio of 17.46 and a beta of 0.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SMMV. First Bank & Trust bought a new position in iShares MSCI USA Small-Cap Min Vol Factor ETF during the first quarter valued at approximately $242,000. Moloney Securities Asset Management LLC lifted its position in iShares MSCI USA Small-Cap Min Vol Factor ETF by 41.4% during the first quarter. Moloney Securities Asset Management LLC now owns 8,636 shares of the company’s stock valued at $323,000 after purchasing an additional 2,529 shares during the period. Finally, Mosaic Family Wealth Partners LLC lifted its position in iShares MSCI USA Small-Cap Min Vol Factor ETF by 6.8% during the first quarter. Mosaic Family Wealth Partners LLC now owns 18,104 shares of the company’s stock valued at $678,000 after purchasing an additional 1,157 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.