iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Sees Unusually-High Trading Volume – Here’s What Happened

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) shares saw strong trading volume on Tuesday . 71,037 shares changed hands during mid-day trading, an increase of 98% from the previous session’s volume of 35,885 shares.The stock last traded at $51.12 and had previously closed at $50.90.

iShares Morningstar Small-Cap Growth ETF Stock Up 0.7 %

The firm’s 50 day simple moving average is $51.46 and its two-hundred day simple moving average is $49.40. The stock has a market capitalization of $622.93 million, a P/E ratio of 21.98 and a beta of 1.23.

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. Prospera Financial Services Inc bought a new position in iShares Morningstar Small-Cap Growth ETF in the 3rd quarter valued at about $211,000. Wealth Enhancement Advisory Services LLC purchased a new stake in iShares Morningstar Small-Cap Growth ETF during the third quarter worth about $213,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of iShares Morningstar Small-Cap Growth ETF in the 3rd quarter worth approximately $213,000. Park Avenue Securities LLC bought a new stake in shares of iShares Morningstar Small-Cap Growth ETF in the fourth quarter valued at $235,000. Finally, Jim Saulnier & Associates LLC purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF during the 4th quarter valued at $253,000.

About iShares Morningstar Small-Cap Growth ETF

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.