iShares US Small Cap Value Factor ETF (BATS:SVAL) Shares Up 2.5% – Here’s Why

iShares US Small Cap Value Factor ETF (BATS:SVAL) shot up 2.5% on Wednesday . The stock traded as high as $37.73 and last traded at $37.59. 10,620 shares traded hands during trading, a decline of 81% from the average session volume of 57,117 shares. The stock had previously closed at $36.68.

iShares US Small Cap Value Factor ETF Stock Up 2.5%

The company has a fifty day moving average of $36.83 and a two-hundred day moving average of $35.21. The stock has a market capitalization of $159.76 million, a price-to-earnings ratio of 12.43 and a beta of 1.05.

Institutional Investors Weigh In On iShares US Small Cap Value Factor ETF

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in shares of iShares US Small Cap Value Factor ETF by 1.1% during the fourth quarter. Royal Bank of Canada now owns 24,658 shares of the company’s stock worth $847,000 after purchasing an additional 273 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of iShares US Small Cap Value Factor ETF during the fourth quarter worth $59,000. TD Waterhouse Canada Inc. acquired a new stake in shares of iShares US Small Cap Value Factor ETF during the third quarter worth $61,000. Global Assets Advisory LLC lifted its holdings in shares of iShares US Small Cap Value Factor ETF by 8.8% during the fourth quarter. Global Assets Advisory LLC now owns 24,943 shares of the company’s stock worth $856,000 after purchasing an additional 2,023 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of iShares US Small Cap Value Factor ETF by 11.7% during the third quarter. Tower Research Capital LLC TRC now owns 20,539 shares of the company’s stock worth $688,000 after purchasing an additional 2,154 shares during the period.

iShares US Small Cap Value Factor ETF Company 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.