iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Sets New 12-Month High – What’s Next?

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) shares reached a new 52-week high on Tuesday . The company traded as high as $81.14 and last traded at $80.82, with a volume of 523 shares traded. The stock had previously closed at $80.53.

iShares Morningstar Small-Cap Value ETF Stock Down 0.6%

The company’s 50 day moving average is $77.78 and its 200 day moving average is $74.26. The firm has a market capitalization of $706.35 million, a price-to-earnings ratio of 13.52 and a beta of 0.99.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. lifted its stake in shares of iShares Morningstar Small-Cap Value ETF by 16.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,073 shares of the company’s stock valued at $74,000 after acquiring an additional 150 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in iShares Morningstar Small-Cap Value ETF by 0.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 50,339 shares of the company’s stock worth $3,647,000 after purchasing an additional 200 shares in the last quarter. Smartleaf Asset Management LLC raised its position in iShares Morningstar Small-Cap Value ETF by 8.3% in the second quarter. Smartleaf Asset Management LLC now owns 2,621 shares of the company’s stock valued at $161,000 after purchasing an additional 201 shares during the last quarter. Key Financial Inc raised its position in iShares Morningstar Small-Cap Value ETF by 2.6% in the first quarter. Key Financial Inc now owns 11,031 shares of the company’s stock valued at $767,000 after purchasing an additional 282 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of iShares Morningstar Small-Cap Value ETF during the fourth quarter valued at about $29,000.

About iShares Morningstar Small-Cap Value ETF

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.