Envestnet Asset Management Inc. Sells 3,755 Shares of iShares US Small Cap Value Factor ETF (BATS:SVAL)

Envestnet Asset Management Inc. trimmed its position in shares of iShares US Small Cap Value Factor ETF (BATS:SVAL) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,526 shares of the company’s stock after selling 3,755 shares during the period. Envestnet Asset Management Inc. owned approximately 1.00% of iShares US Small Cap Value Factor ETF worth $797,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Truist Financial Corp raised its stake in iShares US Small Cap Value Factor ETF by 0.9% during the 4th quarter. Truist Financial Corp now owns 97,912 shares of the company’s stock valued at $3,180,000 after purchasing an additional 854 shares during the last quarter. LPL Financial LLC increased its holdings in shares of iShares US Small Cap Value Factor ETF by 27.7% during the 4th quarter. LPL Financial LLC now owns 42,735 shares of the company’s stock worth $1,388,000 after purchasing an additional 9,266 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of iShares US Small Cap Value Factor ETF during the fourth quarter valued at about $330,000. Private Advisor Group LLC bought a new stake in shares of iShares US Small Cap Value Factor ETF in the fourth quarter valued at about $399,000. Finally, Jane Street Group LLC acquired a new stake in iShares US Small Cap Value Factor ETF during the third quarter worth about $774,000.

iShares US Small Cap Value Factor ETF Stock Up 12.4 %

Shares of SVAL opened at $29.55 on Friday. The stock’s 50-day moving average price is $29.13 and its 200 day moving average price is $31.95. iShares US Small Cap Value Factor ETF has a 12-month low of $25.81 and a 12-month high of $36.79. The firm has a market capitalization of $127.06 million, a price-to-earnings ratio of 11.09 and a beta of 1.06.

iShares US Small Cap Value Factor ETF Profile

The iShares US Small Cap Value Factor ETF (SVAL) is an exchange-traded fund that is based on the Russell 2000 Focused Value Select index. The fund tracks an equally-weighted index of small-cap value companies selected by multiple factors. SVAL was launched on Oct 27, 2020 and is managed by BlackRock.