iShares US Small Cap Value Factor ETF (BATS:SVAL) Shares Down 2% – Here’s Why

iShares US Small Cap Value Factor ETF (BATS:SVAL)’s stock price were down 2% during trading on Monday . The company traded as low as $37.17 and last traded at $37.46. Approximately 24,864 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 96,816 shares. The stock had previously closed at $38.21.

iShares US Small Cap Value Factor ETF Trading Down 2.0%

The business has a 50 day moving average price of $36.40 and a 200-day moving average price of $34.57. The firm has a market capitalization of $159.21 million, a PE ratio of 12.43 and a beta of 1.05.

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

Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its position in 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 buying an additional 273 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of iShares US Small Cap Value Factor ETF by 27.2% during the fourth quarter. Orion Porfolio Solutions LLC now owns 10,869 shares of the company’s stock valued at $373,000 after acquiring an additional 2,321 shares during the last quarter. LPL Financial LLC boosted its stake in shares of iShares US Small Cap Value Factor ETF by 14.4% during the fourth quarter. LPL Financial LLC now owns 38,757 shares of the company’s stock valued at $1,331,000 after acquiring an additional 4,865 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in iShares US Small Cap Value Factor ETF during the 4th quarter worth about $307,000. Finally, Global Assets Advisory LLC raised its stake in iShares US Small Cap Value Factor ETF by 8.8% in the 4th quarter. Global Assets Advisory LLC now owns 24,943 shares of the company’s stock valued at $856,000 after purchasing an additional 2,023 shares during the last quarter.

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.