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

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

As of May 8, 2024, SMMV stock price declined to $37.27 with 41,775 million shares trading.

SMMV has a beta of 0.62, meaning it tends to be less sensitive to market movements. SMMV has a correlation of 0.53 to the broad based SPY ETF.

SMMV has a market cap of $778.94 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 stock has underperformed the market in the last year with a return of +10.4%, while SPY returned +27.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SMMV shares. However, SMMV has outperformed the market in the last 3 month and 2 week periods, returning +6.1% and +2.6%, while SPY returned +4.2% and +2.3%, respectively. This indicates SMMV has been having a stronger performance recently.

SMMV support price is $37.07 and resistance is $37.65 (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.