SQLV Royce Quant Small-Cap Quality Value ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

SQLV — —
Key stats
About

Royce Quant Small-Cap Quality Value ETF (SQLV) ETF

No description available.

Exchange
XNAS
Inception
2017-07-12
Has Options
No
Fund profile
holdings as of Jun 30, 2026SEC filingthrough Jun 2026flows, SEC filings
Expense ratio
0.60%
prospectus, filed Jul 25, 2025
Assets
$39M
shares × price, Oct 9, 2026
Trailing yield
1.04%
paid quarterly
Average daily volume
$336K
30 sessions
Holdings
322
top 10 are 7.1%
Listed
Jul 12, 2017
Nasdaq
Last fee change
-1 bp
filed Jul 25, 2023
Closure risk, 12 months
2.0%
low: trading volume, size of the sponsor's line-up · model
FrenzyCap ETF score
36
how it is built
Cost21
Liquidity18
Scale22
Diversification100

Moves with. US large-cap stocks (54% of its variance, beta 1.11); Small caps over large (28% of its variance, beta 0.67). These factors explain 77% of its daily moves over the last year.

Stated objective. Royce Quant Small-Cap Quality Value ETF (the fund) seeks to achieve long-term growth of capital. (from the fund's prospectus)

All 322 holdingsFlow historySimilar fundsOverlap toolAll Quality ETFs

Fund flows
through Jun 2026SEC filings
Jun 2026
$0
latest reported month
Latest 3 months
$0
0.0% of assets
Latest 12 months
−$2.0M
−7.1% of assets
Jul 2025: $0Aug 2025: +$2.2M+$2.2MAugSep 2025: $0Oct 2025: −$2.1MOctNov 2025: $0Dec 2025: −$2.1M−$2.1MDecJan 2026: $0Feb 2026: $0FebMar 2026: $0Apr 2026: $0AprMay 2026: $0Jun 2026: $0Jun
View as a table
Net flows of SQLV by month, Jul 2025 to Jun 2026
MonthNet flow
Jun 2026$0
May 2026$0
Apr 2026$0
Mar 2026$0
Feb 2026$0
Jan 2026$0
Dec 2025−$2.1M
Nov 2025$0
Oct 2025−$2.1M
Sep 2025$0
Aug 2025+$2.2M
Jul 2025$0

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 83 months ago

Similar funds
FundOverlapFeeAssets1Y
EESWisdomTree U.S. SmallCap Fund27%0.38%$688M+17.8%compare
ROSCHartford Multifactor Small Cap ETF25%0.34%$49M+20.5%compare
AFSMFirst Trust Active Factor Small Cap ETF23%0.75%$130M+23.3%compare
FYTFirst Trust Small Cap Value AlphaDEX Fund23%0.70%$179M+21.0%compare
AVUVAvantis U.S. Small Cap Value ETF22%0.25%$30.9B+19.8%compare

Ranked by how much of the two portfolios is the same securities.

Look-through: what the holdings say
weights as of Jun 30, 2026SEC filing
Holdings vs fair value
+27.1%
71% under, 12% over · 89% covered
Price / earnings
26.0
16% loss-making · 90% covered
Price / book · sales
1.5 · 0.8
revenue growth +5.0%
Above 200-day average
53%
36% above 50-day · by weight
Short interest
9.8%
of float, weighted · 5.9 days to cover
Insider buying
8%
of weight had net insider buying, 90 days; 46% net selling
13F holders
+5.2%
change in shares held by institutions, latest quarter
Reporting earnings
1.2%
of weight in 7 days; 11.6% in 14
Largest contributors below fair value
Largest contributors above fair value

Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.

What changed in the portfolio
Mar 31, 2026 → Jun 30, 2026
ActionHoldingWeight beforeWeight afterShares vs flows
New positionKDKYNDRYL HOLDINGS INC—0.67%—
New positionFGF&G ANNUITIES & LIFE INC—0.58%—
ExitNPNeptune Insurance Holdings Inc.0.56%——
New positionLYFTLYFT INC—0.53%—
ExitOSCROscar Health Inc0.47%——
ExitDHILDiamond Hill Investment Group Inc.0.42%——
ExitAAMIAcadian Asset Management Inc0.40%——
New positionINSPINSPIRE MEDICAL SYSTEMS INC—0.40%—
New positionTDOCTELADOC HEALTH INC—0.38%—
ExitBELFBBEL Fuse Inc0.37%——

39 new, 29 exited, 25 increased and 19 decreased between the fund's two latest holdings reports; turnover 17.1%. Full holdings and history

Under the hood
fiscal year to Mar 31, 2026SEC census
Authorized participants
3 active
of 21 with agreements; top 3 did 100%
Created · redeemed
$2.2M · $6.2M
over the fiscal year
Redemptions in kind
99%
creations 100% in kind
Creation unit
50,000
shares
Securities lending
not authorized

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2027-03-31
Holdings
322
AUM
$28.7M
Provider
Nport
Inception
2017-07-12
Exchange
XNAS
Data As Of
2027-03-31
Expense Ratio
0.60%
Dividend Yield
1.04%
Distribution
Quarterly
Recent distributions
Ex-Date Pay Date Amount Type
2026-09-14 2026-09-17 $0.1520 CD
2026-06-15 2026-06-18 $0.1236 CD
2026-03-16 2026-03-19 $0.1145 CD
2025-12-15 2025-12-18 $0.1491 CD
2025-09-15 2025-09-18 $0.1169 CD
2025-06-16 2025-06-20 $0.1108 CD
Asset Allocation
Top Holdings
top 50 of 322 holdings
Symbol Name Weight % Asset Class Country
VCTR VICTORY CAPITAL HOLDINGS INC 0.92% Equity (common) US
DXC DXC TECHNOLOGY COMPANY 0.74% Equity (common) US
FHI FEDERATED HERMES INC 0.72% Equity (common) US
CABO CABLE ONE INC 0.70% Equity (common) US
CBT CABOT CORP 0.68% Equity (common) US
IBOC INTERNATIONAL BANCSHARES CORP 0.68% Equity (common) US
BBWI BATH & BODY WORKS INC 0.67% Equity (common) US
KD KYNDRYL HOLDINGS INC 0.67% Equity (common) US
IRDM IRIDIUM COMMUNICATIONS INC 0.66% Equity (common) US
MCRI MONARCH CASINO & RESORT INC 0.64% Equity (common) US
HRB H & R BLOCK INC 0.62% Equity (common) US
EFOR EVERFORTH INC 0.62% Equity (common) US
AVNS AVANOS MEDICAL INC 0.62% Equity (common) US
BRBR BELLRING BRANDS INC 0.58% Equity (common) US
FG F&G ANNUITIES & LIFE INC 0.58% Equity (common) US
CATY CATHAY GENERAL BANCORP 0.57% Equity (common) US
SM SM ENERGY COMPANY 0.57% Equity (common) US
PHIN PHINIA INC 0.56% Equity (common) US
QLYS QUALYS INC 0.55% Equity (common) US
NMIH NMI HOLDINGS INC 0.55% Equity (common) US
TNET TRINET GROUP INC 0.55% Equity (common) US
ZD ZIFF DAVIS INC 0.55% Equity (common) US
PRG PROG HOLDINGS INC 0.55% Equity (common) US
LCII LCI INDUSTRIES 0.55% Equity (common) US
LRN STRIDE INC 0.54% Equity (common) US
CRGY CRESCENT ENERGY COMPANY 0.54% Equity (common) US
THFF FIRST FINANCIAL CORP 0.54% Equity (common) US
NVST ENVISTA HOLDINGS CORP 0.53% Equity (common) US
TPC TUTOR PERINI CORP 0.53% Equity (common) US
LYFT LYFT INC 0.53% Equity (common) US
HOG HARLEY-DAVIDSON INC 0.52% Equity (common) US
SKYW SKYWEST INC 0.52% Equity (common) US
PFBC PREFERRED BANK (CALIFORNIA) 0.51% Equity (common) US
UNTY UNITY BANCORP INC 0.51% Equity (common) US
GNTX GENTEX CORP 0.50% Equity (common) US
CCRN CROSS COUNTRY HEALTHCARE INC 0.50% Equity (common) US
SPB SPECTRUM BRANDS HOLDINGS INC 0.50% Equity (common) US
EMBC EMBECTA CORP 0.49% Equity (common) US
— DEL MONTE CORP 0.49% Equity (common) KY
CIVB CIVISTA BANCSHARES INC 0.49% Equity (common) US
PKBK PARKE BANCORP INC 0.49% Equity (common) US
NATL NCR ATLEOS CORP 0.48% Equity (common) US
SLDE SLIDE INSURANCE HOLDINGS INC 0.48% Equity (common) US
MBWM MERCANTILE BANK CORP 0.48% Equity (common) US
LGND LIGAND PHARMACEUTICALS INC 0.48% Equity (common) US
PRDO PERDOCEO EDUCATION CORP 0.48% Equity (common) US
ANGI ANGI INC 0.47% Equity (common) US
CALM CAL-MAINE FOODS INC 0.47% Equity (common) US
CPRX CATALYST PHARMACEUTICALS INC 0.47% Equity (common) US
BKE BUCKLE INC (THE) 0.47% Equity (common) US
Chart
Seasonality
Month'21'22'23'24'25'26Avg
Jan3.25%-7.67%11.16%-2.47%1.91%4.59%1.79%
Feb7.79%-3.89%-2.51%1.34%-5.13%-0.32%-0.45%
Mar3.37%2.97%-6.59%1.31%-3.92%-3.97%-1.14%
Apr0.48%-7.11%-2.59%-6.40%-4.57%8.40%-1.97%
May3.02%1.78%-2.21%3.82%5.63%1.72%2.29%
Jun-2.18%-9.24%6.11%-2.92%4.53%5.69%0.33%
Jul-0.72%10.59%5.37%11.36%-2.36%0.36%4.10%
Aug1.75%-5.15%-3.89%0.45%11.35%-0.52%0.66%
Sep-2.27%-9.40%-5.10%3.25%-1.03%-4.79%-3.22%
Oct1.08%9.99%-4.26%-0.52%-2.45%1.03%*0.81%
Nov-3.97%3.80%7.42%9.96%2.61%--3.96%
Dec5.25%-6.90%8.59%-7.11%1.42%--0.25%
Total17.49%-20.80%9.82%10.86%6.92%12.05%6.06%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $51.79
SMA 50: $53.27
SMA 200: $48.83
Current: $51.75
EMA 12: $51.66
EMA 26: $52.12
MACD: -0.4596 | Signal: 0.0900
BEARISH
ADX (14): 23.03
WEAK TREND
+DI: 25.50
−DI: 36.64

Momentum Oscillators

RSI (14): 44.45
NEUTRAL
Stoch %K: 55.03
Stoch %D: 48.04
Williams %R: -37.71

Volume & Volatility

BB Upper: $52.94
BB Lower: $50.65
NEUTRAL
OBV: -236,164
Vol SMA 20: 8,677
Vol ROC: -47.47%
ATR: $0.45
True Range: $0.17
HV 20: 9.3%
HV 30: 11.0%
HV 60: 13.3%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-11T00:00:00 – 2026-10-09T00:00:00
AI Analysis

LLM Stock Analysis Report: SQLV

Executive Summary

Overall Assessment: NEUTRAL (Confidence Level: 6/10)

Key Drivers and Primary Risks:

  • Technical indicators suggest a consolidation phase, with no strong trend signals.
  • Recent news headlines are neutral, focusing on market trends and macroeconomic data.
  • Risk metrics indicate moderate volatility, with the stock generally following market movements.

Investment Thesis: SQLV is trading within a range, awaiting catalysts to break out. The stock's moderate volatility and correlation with the broader market suggest a potentially attractive risk-reward profile.

Recent News Sentiment Impact:

  • Neutral news headlines have not had a significant impact on the stock price, as they focused on market trends rather than specific company developments.
  • The absence of earnings data or significant events has contributed to the neutral sentiment and lack of directional movement in the stock.

Technical Analysis

Trend Direction: Consolidation (Short-term: 1-4 weeks)

Support/Resistance Levels:

  • Upper Bollinger Band: $56.00
  • Middle Bollinger Band: $53.99
  • Lower Bollinger Band: $51.97

Momentum Signals:

  • RSI: Neutral (57.31)
  • MACD: Bullish (0.70 / Signal: -0.07 / Histogram: 0.77)
  • Stochastic %K and %D: Neutral/Overbought
  • Williams %R: Neutral (-28.44)

Volume Analysis: Volume is declining, with a volume rate of change of -67.73%. This could be a sign of decreasing institutional interest or profit-taking.

News & Sentiment Analysis

Recent Headlines Summary: Recent headlines have focused on market trends and macroeconomic data, without any significant impact on the stock price.

Sentiment Assessment: Neutral

Catalyst Identification: No specific events or announcements have triggered significant price movements. The absence of earnings data and other catalysts has contributed to the neutral sentiment.

Market Narrative: The technical signals are suggesting a consolidation phase, while the news headlines remain neutral. This narrative suggests that SQLV is awaiting a catalyst to break out from its current trading range.

Risk & Volatility Assessment

Beta Interpretation: Moderate risk (0.80 vs SPY)

Volatility Regime: Current volatility is moderate (0.17), similar to historical levels.

Options Market Signals: No options data available, making it difficult to assess market sentiment and institutional interest.

Downside Protection: Support levels at the Lower Bollinger Band ($51.97) and SMA 50 ($52.45) provide some downside protection.

Market Context & Positioning

Sector Performance: SQLV is trading in line with its sector, which has been neutral in recent days.

Institutional Activity: Volume trends suggest decreasing institutional interest or profit-taking.

Correlation Analysis: The stock's correlation with the broader market is moderate (0.61), suggesting it may follow market movements.

Relative Valuation: SQLV is trading within a range, without significant relative value compared to its peers.

Key Levels & Action Items

Critical Price Levels:

  • Upper Bollinger Band: $56.00
  • Middle Bollinger Band: $53.99
  • Lower Bollinger Band: $51.97

Breakout/Breakdown Levels: No clear breakout or breakdown levels are present, as the stock is trading within a range.

Time-Sensitive Catalysts: No specific earnings dates, product launches, or regulatory changes have been announced that could impact the stock price in the near term.

Risk Management:

  • Stop-loss levels should be set at the Lower Bollinger Band ($51.97) to manage potential downside risks.
  • Position sizing considerations should focus on the moderate volatility and correlation with the broader market.
Generated

SQLV Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.7558
Alpha: 10.17%
Correlation: 0.6087
R-Squared: 37.1%
Stock Volatility: 16.2%
Market Volatility: 13.0%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

SQLV Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

18 filers110,766 shares$5.77M value
# Filer Shares Value % of Total % of Float Period
1 Encompass More Asset Management 42,144 $2.20M 38.08% — 2026-06-30
2 COMMONWEALTH EQUITY SERVICES, LLC 20,137 $1.05M 18.19% — 2026-06-30
3 LPL Financial LLC Custodian 15,579 $811.84K 14.07% — 2026-06-30
4 Royal Bank of Canada Custodian 14,644 $763.00K 13.23% — 2026-06-30
5 Citadel Advisors LLC Custodian 9,242 $481.61K 8.35% — 2026-06-30
6 Cetera Investment Advisers Custodian 4,010 $208.97K 3.62% — 2026-06-30
7 OSAIC HOLDINGS, INC. Custodian 2,807 $146.27K 2.54% — 2026-06-30
8 Farther Finance Advisors, LLC Custodian 811 $41.26K 0.72% — 2026-09-30
9 Geneos Wealth Management Inc. 450 $23.45K 0.41% — 2026-06-30
10 Glen Eagle Advisors, LLC 412 $21.47K 0.37% — 2026-06-30
11 COMERICA BANK Custodian 192 $8.30K 0.14% — 2025-12-31
12 CWM, LLC Custodian 163 $7.18K 0.12% — 2026-03-31
13 FIFTH THIRD BANCORP 65 $3.38K 0.06% — 2026-06-30
14 UBS Group AG Custodian 48 $2.50K 0.04% — 2026-06-30
15 JPMorgan Chase & Co Custodian 34 $1.77K 0.03% — 2026-06-30
16 Harborfront Financial Group LLC 21 $1.09K 0.02% — 2026-06-30
17 AE Wealth Management LLC Custodian 6 $313 <0.01% — 2026-06-30
18 Morgan Stanley Custodian 1 $60 <0.01% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month