iShares US Small Cap Value Factor ETF (BATS:SVAL) Stock Price Up 11.2% – Here’s Why

iShares US Small Cap Value Factor ETF (BATS:SVAL) shares were up 11.2% on Wednesday . The stock traded as high as $32.59 and last traded at $36.34. Approximately 5,737 shares changed hands during trading, a decline of 83% from the average daily volume of 33,827 shares. The stock had previously closed at $32.6719.

iShares US Small Cap Value Factor ETF Trading Up 11.2%

The business’s fifty day simple moving average is $35.24 and its 200-day simple moving average is $33.81. The firm has a market cap of $154.45 million, a P/E ratio of 12.43 and a beta of 1.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SVAL. Tocqueville Asset Management L.P. raised its stake in iShares US Small Cap Value Factor ETF by 1,241.4% in the third quarter. Tocqueville Asset Management L.P. now owns 134,140 shares of the company’s stock worth $4,495,000 after buying an additional 124,140 shares in the last quarter. Truist Financial Corp grew its holdings in shares of iShares US Small Cap Value Factor ETF by 69.8% during the 2nd quarter. Truist Financial Corp now owns 171,306 shares of the company’s stock worth $5,320,000 after acquiring an additional 70,412 shares during the period. Money Concepts Capital Corp grew its holdings in shares of iShares US Small Cap Value Factor ETF by 1.7% during the 3rd quarter. Money Concepts Capital Corp now owns 2,298,704 shares of the company’s stock worth $77,030,000 after acquiring an additional 38,799 shares during the period. Citadel Advisors LLC bought a new position in shares of iShares US Small Cap Value Factor ETF in the 3rd quarter worth approximately $1,259,000. Finally, Bank of America Corp DE lifted its stake in shares of iShares US Small Cap Value Factor ETF by 28.5% in the 2nd quarter. Bank of America Corp DE now owns 152,447 shares of the company’s stock valued at $4,734,000 after purchasing an additional 33,852 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.