iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) Stock Price Down 0.2% – Here’s Why

iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV)’s share price traded down 0.2% during mid-day trading on Tuesday . The stock traded as low as $44.60 and last traded at $44.63. Approximately 5,392 shares changed hands during trading, a decline of 64% from the average session volume of 15,169 shares. The stock had previously closed at $44.73.

iShares MSCI USA Small-Cap Min Vol Factor ETF Stock Up 0.1%

The stock has a fifty day simple moving average of $44.62 and a 200-day simple moving average of $44.39. The company has a market capitalization of $335.54 million, a P/E ratio of 18.24 and a beta of 0.69.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Preferred LLC acquired a new stake in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF during the first quarter worth approximately $157,000. Advisory Services Network LLC boosted its holdings in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF by 34.9% in the 4th quarter. Advisory Services Network LLC now owns 35,641 shares of the company’s stock worth $1,544,000 after acquiring an additional 9,224 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of iShares MSCI USA Small-Cap Min Vol Factor ETF in the 4th quarter worth approximately $75,000. Finally, Ameriprise Financial Inc. grew its position in iShares MSCI USA Small-Cap Min Vol Factor ETF by 11.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 207,254 shares of the company’s stock worth $8,708,000 after acquiring an additional 21,534 shares during the last quarter.

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.