iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Reaches New 1-Year High – Still a Buy?

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCGGet Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $65.64 and last traded at $65.54, with a volume of 29803 shares changing hands. The stock had previously closed at $64.85.

iShares Morningstar Small-Cap Growth ETF Stock Performance

The business has a 50-day simple moving average of $62.17 and a 200 day simple moving average of $59.11. The firm has a market cap of $994.53 million, a P/E ratio of 26.03 and a beta of 1.11.

Hedge Funds Weigh In On iShares Morningstar Small-Cap Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Merkkuri Wealth Advisors LLC purchased a new stake in iShares Morningstar Small-Cap Growth ETF in the first quarter worth $49,000. Arax Advisory Partners purchased a new position in iShares Morningstar Small-Cap Growth ETF during the 4th quarter valued at $52,000. Western Wealth Management LLC purchased a new position in iShares Morningstar Small-Cap Growth ETF during the 1st quarter valued at $76,000. Laurel Wealth Advisors LLC purchased a new position in iShares Morningstar Small-Cap Growth ETF during the 4th quarter valued at $78,000. Finally, Smartleaf Asset Management LLC raised its holdings in iShares Morningstar Small-Cap Growth ETF by 13.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,704 shares of the company’s stock worth $134,000 after purchasing an additional 331 shares in the last quarter.

iShares Morningstar Small-Cap Growth ETF Company Profile

(Get Free Report)

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

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