SMMV Stock Summary and Trading Ideas (iShares Edge MSCI Min Vol USA Small-Cap ETF | BATS:SMMV)

The iShares Edge MSCI Min Vol USA Small-Cap ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that, in the aggregate, have lower volatility characteristics relative to the small-capitalization U.S. equity market. The MSCI USA Small Cap Minimum Volatility (USD) Index aims to reflect the performance characteristics of a minimum variance strategy applied to the small cap USA equity universe. The index is calculated by optimizing the MSCI USA Small Cap Index, its parent index, in USD for the lowest absolute risk (within a given set of constraints). Historically, the index has shown lower beta and volatility characteristics relative to the MSCI USA Small Cap Index.

iShares Edge MSCI Min Vol USA Small-Cap ETF trades on the BATS stock market under the symbol SMMV.

As of April 18, 2024, SMMV stock price climbed to $35.46 with 58,219 million shares trading.

SMMV has a beta of 0.68, meaning it tends to be less sensitive to market movements. SMMV has a correlation of 0.56 to the broad based SPY ETF.

SMMV has a market cap of $742.89 million. This is considered a Small Cap stock.

In the last 3 years, SMMV stock traded as high as $39.53 and as low as $31.66.

SMMV has underperformed the market in the last year with a price return of +3.5% while the SPY ETF gained +22.2%. SMMV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.0% and -3.3%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

SMMV support price is $35.17 and resistance is $35.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SMMV stock will trade within this expected range on the day.