Envestnet Asset Management Inc. Trims Stock Position in iShares U.S. Small Cap Equity Factor ETF $SMLF

Envestnet Asset Management Inc. lowered its stake in shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) by 61.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,498 shares of the company’s stock after selling 96,682 shares during the quarter. Envestnet Asset Management Inc. owned about 0.17% of iShares U.S. Small Cap Equity Factor ETF worth $4,498,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SMLF. Creative Financial Designs Inc. ADV purchased a new stake in iShares U.S. Small Cap Equity Factor ETF in the second quarter valued at approximately $31,000. GPS Wealth Strategies Group LLC boosted its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 1,120.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 708 shares of the company’s stock valued at $48,000 after purchasing an additional 650 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 100.3% during the 2nd quarter. CENTRAL TRUST Co now owns 1,508 shares of the company’s stock valued at $102,000 after buying an additional 755 shares during the period. Bell Investment Advisors Inc purchased a new stake in shares of iShares U.S. Small Cap Equity Factor ETF during the 2nd quarter valued at $160,000. Finally, Edge Financial Advisors LLC acquired a new stake in shares of iShares U.S. Small Cap Equity Factor ETF during the 3rd quarter worth $202,000.

iShares U.S. Small Cap Equity Factor ETF Trading Down 1.9%

Shares of iShares U.S. Small Cap Equity Factor ETF stock opened at $78.33 on Tuesday. The business’s fifty day moving average price is $77.94 and its 200 day moving average price is $75.23. iShares U.S. Small Cap Equity Factor ETF has a twelve month low of $53.39 and a twelve month high of $80.72. The stock has a market capitalization of $3.31 billion, a P/E ratio of 17.17 and a beta of 1.10.

iShares U.S. Small Cap Equity Factor ETF Company Profile

The iShares MSCI USA Small-Cap Multifactor ETF (SMLF) is an exchange-traded fund that is based on the STOXX U.S. SmallCap Equity Factor index. The fund tracks an index of small-cap US equities. Stocks are selected and weighted to increase exposure to four factors (quality, value, momentum, and low volatility). SMLF was launched on Apr 28, 2015 and is managed by BlackRock.