Raymond James Financial Inc. Makes New $3.71 Million Investment in iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF)

Raymond James Financial Inc. purchased a new stake in shares of iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 54,974 shares of the company’s stock, valued at approximately $3,711,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. D.A. Davidson & CO. raised its holdings in shares of iShares U.S. Small Cap Equity Factor ETF by 5.7% in the 3rd quarter. D.A. Davidson & CO. now owns 47,903 shares of the company’s stock valued at $3,178,000 after buying an additional 2,595 shares during the period. Cadence Bank acquired a new position in iShares U.S. Small Cap Equity Factor ETF in the 3rd quarter valued at about $210,000. Captrust Financial Advisors increased its stake in iShares U.S. Small Cap Equity Factor ETF by 27.2% during the third quarter. Captrust Financial Advisors now owns 6,056 shares of the company’s stock worth $402,000 after purchasing an additional 1,294 shares during the period. Acropolis Investment Management LLC lifted its position in shares of iShares U.S. Small Cap Equity Factor ETF by 1.8% during the third quarter. Acropolis Investment Management LLC now owns 787,142 shares of the company’s stock worth $52,227,000 after purchasing an additional 13,677 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of iShares U.S. Small Cap Equity Factor ETF by 19.9% in the third quarter. Integrated Wealth Concepts LLC now owns 260,190 shares of the company’s stock valued at $17,264,000 after purchasing an additional 43,160 shares during the period.

iShares U.S. Small Cap Equity Factor ETF Stock Performance

Shares of SMLF stock opened at $63.41 on Friday. iShares U.S. Small Cap Equity Factor ETF has a fifty-two week low of $58.48 and a fifty-two week high of $74.69. The company has a 50 day moving average price of $67.38 and a 200 day moving average price of $68.08. The stock has a market capitalization of $1.61 billion, a P/E ratio of 16.30 and a beta of 1.13.

iShares U.S. Small Cap Equity Factor ETF 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).