iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Hits New 1-Year High – Here’s Why

Shares of iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) hit a new 52-week high on Wednesday . The stock traded as high as $72.05 and last traded at $71.60, with a volume of 2156 shares changing hands. The stock had previously closed at $71.52.

iShares Morningstar Small-Cap Value ETF Stock Performance

The firm has a market cap of $610.55 million, a price-to-earnings ratio of 13.52 and a beta of 1.11. The business’s 50 day moving average price is $68.41 and its 200 day moving average price is $66.44.

Institutional Investors Weigh In On iShares Morningstar Small-Cap Value ETF

Several hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its position in shares of iShares Morningstar Small-Cap Value ETF by 12.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 908,467 shares of the company’s stock valued at $62,230,000 after buying an additional 101,072 shares in the last quarter. Focus Partners Wealth increased its stake in shares of iShares Morningstar Small-Cap Value ETF by 4.5% in the 3rd quarter. Focus Partners Wealth now owns 413,434 shares of the company’s stock worth $27,524,000 after acquiring an additional 17,642 shares during the last quarter. VAUGHAN & Co SECURITIES INC. increased its position in iShares Morningstar Small-Cap Value ETF by 3.1% during the third quarter. VAUGHAN & Co SECURITIES INC. now owns 290,658 shares of the company’s stock worth $19,369,000 after purchasing an additional 8,763 shares during the last quarter. Matrix Trust Co raised its position in shares of iShares Morningstar Small-Cap Value ETF by 1.7% during the 2nd quarter. Matrix Trust Co now owns 189,512 shares of the company’s stock valued at $11,634,000 after buying an additional 3,186 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of iShares Morningstar Small-Cap Value ETF by 9.4% in the 2nd quarter. Bank of America Corp DE now owns 162,873 shares of the company’s stock valued at $9,999,000 after purchasing an additional 13,955 shares during the last quarter.

iShares Morningstar Small-Cap Value ETF Company Profile

The iShares Morningstar Small-Cap Value ETF (ISCV) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of US small-cap value stocks. The index selects stocks from 90-99.5% of market cap that fall into Morningstar’s value style categorization. ISCV was launched on Jun 28, 2004 and is managed by BlackRock.