iShares US Small Cap Value Factor ETF (BATS:SVAL) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of iShares US Small Cap Value Factor ETF (BATS:SVALGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.39 and traded as high as $36.79. iShares US Small Cap Value Factor ETF shares last traded at $36.25, with a volume of 49,733 shares changing hands.

iShares US Small Cap Value Factor ETF Stock Up 1.7 %

The firm’s 50 day simple moving average is $33.00 and its 200-day simple moving average is $31.39. The company has a market capitalization of $88.82 million, a PE ratio of 9.52 and a beta of 1.03.

Institutional Trading of iShares US Small Cap Value Factor ETF

A number of hedge funds have recently made changes to their positions in the company. Lynx Investment Advisory purchased a new position in iShares US Small Cap Value Factor ETF in the 2nd quarter valued at about $93,000. EWG Elevate Inc. boosted its holdings in iShares US Small Cap Value Factor ETF by 7.8% in the second quarter. EWG Elevate Inc. now owns 39,650 shares of the company’s stock valued at $1,158,000 after purchasing an additional 2,852 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in iShares US Small Cap Value Factor ETF during the 2nd quarter valued at approximately $160,000. Sanctuary Advisors LLC purchased a new stake in iShares US Small Cap Value Factor ETF during the 2nd quarter worth approximately $7,542,000. Finally, Global Assets Advisory LLC acquired a new position in shares of iShares US Small Cap Value Factor ETF in the 3rd quarter valued at approximately $620,000.

iShares US Small Cap Value Factor ETF Company Profile

(Get Free Report)

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.

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