iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Sets New 1-Year High – What’s Next?

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $62.04 and last traded at $62.04, with a volume of 1610 shares changing hands. The stock had previously closed at $60.55.

iShares Morningstar Small-Cap Growth ETF Stock Up 1.1%

The stock has a market capitalization of $971.40 million, a PE ratio of 26.03 and a beta of 1.13. The business’s 50-day moving average is $57.52 and its two-hundred day moving average is $56.90.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF during the third quarter worth approximately $46,000. Merkkuri Wealth Advisors LLC purchased a new stake in iShares Morningstar Small-Cap Growth ETF in the 1st quarter valued at $49,000. Arax Advisory Partners acquired a new stake in iShares Morningstar Small-Cap Growth ETF during the 4th quarter worth $52,000. Glassy Mountain Advisors Inc. acquired a new stake in iShares Morningstar Small-Cap Growth ETF during the 3rd quarter worth $68,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of iShares Morningstar Small-Cap Growth ETF during the fourth quarter worth about $78,000.

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. ISCG was launched on Jun 28, 2004 and is managed by BlackRock.