Royal Bank of Canada Grows Position in iShares Morningstar Small-Cap Value ETF $ISCV

Royal Bank of Canada raised its stake in shares of iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) by 51.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 234,525 shares of the company’s stock after acquiring an additional 79,297 shares during the period. Royal Bank of Canada’s holdings in iShares Morningstar Small-Cap Value ETF were worth $16,302,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in iShares Morningstar Small-Cap Value ETF by 664.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 139,305 shares of the company’s stock valued at $10,034,000 after buying an additional 121,076 shares during the last quarter. Twin Cities Retirement Group LLC bought a new position in shares of iShares Morningstar Small-Cap Value ETF during the 4th quarter worth approximately $2,039,000. VAUGHAN & Co SECURITIES INC. boosted its stake in shares of iShares Morningstar Small-Cap Value ETF by 3.6% in the 4th quarter. VAUGHAN & Co SECURITIES INC. now owns 300,980 shares of the company’s stock worth $20,617,000 after buying an additional 10,322 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of iShares Morningstar Small-Cap Value ETF in the 1st quarter worth approximately $1,170,000. Finally, Steele Capital Management Inc. grew its holdings in shares of iShares Morningstar Small-Cap Value ETF by 1.2% in the fourth quarter. Steele Capital Management Inc. now owns 187,179 shares of the company’s stock valued at $12,822,000 after acquiring an additional 2,205 shares in the last quarter.

iShares Morningstar Small-Cap Value ETF Trading Down 0.7%

Shares of ISCV opened at $80.59 on Friday. The stock has a 50 day moving average of $77.88 and a 200 day moving average of $74.31. The company has a market capitalization of $701.13 million, a price-to-earnings ratio of 13.52 and a beta of 0.99. iShares Morningstar Small-Cap Value ETF has a 12 month low of $61.98 and a 12 month high of $82.03.

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.