iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Hits New 12-Month High – Here’s Why

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $71.00 and last traded at $70.64, with a volume of 429 shares. The stock had previously closed at $69.86.

iShares Morningstar Small-Cap Value ETF Price Performance

The stock has a market cap of $593.85 million, a P/E ratio of 13.52 and a beta of 1.11. The stock’s 50 day simple moving average is $67.90 and its two-hundred day simple moving average is $66.08.

Hedge Funds Weigh In On iShares Morningstar Small-Cap Value ETF

A number of large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in shares of iShares Morningstar Small-Cap Value ETF by 1,141.9% in the 1st quarter. Jones Financial Companies Lllp now owns 60,865 shares of the company’s stock valued at $3,609,000 after purchasing an additional 55,964 shares during the period. Focus Partners Wealth grew its holdings in shares of iShares Morningstar Small-Cap Value ETF by 305.5% during the first quarter. Focus Partners Wealth now owns 236,017 shares of the company’s stock worth $13,996,000 after buying an additional 177,820 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in iShares Morningstar Small-Cap Value ETF in the 2nd quarter valued at approximately $19,470,000. Matrix Trust Co raised its position in iShares Morningstar Small-Cap Value ETF by 1.7% in the 2nd quarter. Matrix Trust Co now owns 189,512 shares of the company’s stock valued at $11,634,000 after buying an additional 3,186 shares during the last quarter. Finally, Kelly Financial Group LLC lifted its stake in iShares Morningstar Small-Cap Value ETF by 17.1% in the 2nd quarter. Kelly Financial Group LLC now owns 7,780 shares of the company’s stock valued at $478,000 after acquiring an additional 1,136 shares in the last quarter.

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.