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

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $64.33 and last traded at $64.33, with a volume of 1260 shares changing hands. The stock had previously closed at $63.02.

iShares Morningstar Small-Cap Growth ETF Trading Up 0.5%

The stock has a market cap of $1.01 billion, a PE ratio of 26.03 and a beta of 1.13. The company’s 50 day moving average is $61.80 and its 200-day moving average is $58.87.

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

Several institutional investors and hedge funds have recently made changes to their positions in ISCG. JPMorgan Chase & Co. increased its stake in iShares Morningstar Small-Cap Growth ETF by 3.5% during the fourth quarter. JPMorgan Chase & Co. now owns 851,509 shares of the company’s stock valued at $47,225,000 after purchasing an additional 28,437 shares during the last quarter. LPL Financial LLC grew its position in shares of iShares Morningstar Small-Cap Growth ETF by 31.4% during the 4th quarter. LPL Financial LLC now owns 676,850 shares of the company’s stock valued at $37,538,000 after buying an additional 161,609 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of iShares Morningstar Small-Cap Growth ETF by 810.2% during the 4th quarter. Osaic Holdings Inc. now owns 616,773 shares of the company’s stock valued at $34,209,000 after buying an additional 549,014 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in iShares Morningstar Small-Cap Growth ETF by 5.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519,552 shares of the company’s stock worth $28,814,000 after acquiring an additional 28,968 shares during the period. Finally, Cetera Investment Advisers raised its stake in iShares Morningstar Small-Cap Growth ETF by 2.1% during the first quarter. Cetera Investment Advisers now owns 412,639 shares of the company’s stock worth $22,613,000 after acquiring an additional 8,629 shares during the period.

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.