Charles Schwab Investment Management Inc. Invests $31.69 Million in iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF)

Charles Schwab Investment Management Inc. purchased a new stake in iShares U.S. Small Cap Equity Factor ETF (NYSEARCA:SMLF) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 469,495 shares of the company’s stock, valued at approximately $31,691,000. Charles Schwab Investment Management Inc. owned approximately 2.79% of iShares U.S. Small Cap Equity Factor ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its holdings in iShares U.S. Small Cap Equity Factor ETF by 0.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 36,084 shares of the company’s stock valued at $2,436,000 after buying an additional 154 shares during the last quarter. Cyndeo Wealth Partners LLC grew its holdings in iShares U.S. Small Cap Equity Factor ETF by 1.1% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 17,041 shares of the company’s stock worth $1,150,000 after purchasing an additional 187 shares during the period. Leavell Investment Management Inc. increased its position in iShares U.S. Small Cap Equity Factor ETF by 7.0% in the 4th quarter. Leavell Investment Management Inc. now owns 3,230 shares of the company’s stock valued at $218,000 after buying an additional 210 shares in the last quarter. Concord Wealth Partners boosted its holdings in iShares U.S. Small Cap Equity Factor ETF by 126.2% in the fourth quarter. Concord Wealth Partners now owns 441 shares of the company’s stock worth $30,000 after acquiring an additional 246 shares in the last quarter. Finally, Wade Financial Advisory Inc grew its position in iShares U.S. Small Cap Equity Factor ETF by 0.4% in the 4th quarter. Wade Financial Advisory Inc now owns 58,352 shares of the company’s stock valued at $3,939,000 after purchasing an additional 251 shares during the period.

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

Shares of SMLF opened at $62.67 on Monday. The stock has a 50 day moving average price of $68.22 and a two-hundred day moving average price of $68.15. iShares U.S. Small Cap Equity Factor ETF has a 52 week low of $58.48 and a 52 week high of $74.69. The firm has a market capitalization of $1.59 billion, a P/E ratio of 16.30 and a beta of 1.13.

About iShares U.S. Small Cap Equity Factor ETF

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).