iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Sees Large Volume Increase – What’s Next?

Shares of iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) saw an uptick in trading volume on Thursday . 298,976 shares traded hands during trading, an increase of 518% from the previous session’s volume of 48,344 shares.The stock last traded at $62.56 and had previously closed at $62.60.

iShares Morningstar Small-Cap Growth ETF Stock Down 0.3%

The company’s 50 day moving average price is $59.08 and its two-hundred day moving average price is $57.68. The firm has a market cap of $981.41 million, a PE ratio of 26.03 and a beta of 1.13.

Institutional Trading of iShares Morningstar Small-Cap Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ipsen Advisor Group LLC lifted its stake in iShares Morningstar Small-Cap Growth ETF by 1.6% in the first quarter. Ipsen Advisor Group LLC now owns 115,493 shares of the company’s stock worth $6,329,000 after purchasing an additional 1,874 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of iShares Morningstar Small-Cap Growth ETF during the first quarter valued at approximately $76,000. Bank of America Corp DE raised its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 4.3% in the first quarter. Bank of America Corp DE now owns 269,357 shares of the company’s stock worth $14,761,000 after buying an additional 11,159 shares during the period. Royal Bank of Canada raised its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 61.8% in the first quarter. Royal Bank of Canada now owns 64,860 shares of the company’s stock worth $3,554,000 after buying an additional 24,771 shares during the period. Finally, Van Diest Capital LLC lifted its stake in shares of iShares Morningstar Small-Cap Growth ETF by 667.2% during the 1st quarter. Van Diest Capital LLC now owns 58,414 shares of the company’s stock worth $3,201,000 after acquiring an additional 50,800 shares during the last quarter.

iShares Morningstar Small-Cap Growth ETF Company Profile

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.