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

Shares of iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) hit a new 52-week high during trading on Wednesday . The company traded as high as $78.69 and last traded at $78.32, with a volume of 52016 shares trading hands. The stock had previously closed at $78.35.

iShares Morningstar Small-Cap Value ETF Trading Down 0.0%

The company has a market capitalization of $681.38 million, a price-to-earnings ratio of 13.52 and a beta of 0.99. The firm’s 50 day moving average price is $75.17 and its two-hundred day moving average price is $72.59.

Institutional Trading of iShares Morningstar Small-Cap Value ETF

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in iShares Morningstar Small-Cap Value ETF by 17.1% during the first quarter. Bank of America Corp DE now owns 201,871 shares of the company’s stock worth $14,032,000 after acquiring an additional 29,497 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of iShares Morningstar Small-Cap Value ETF in the first quarter valued at approximately $247,000. Royal Bank of Canada increased its stake in shares of iShares Morningstar Small-Cap Value ETF by 51.1% during the first quarter. Royal Bank of Canada now owns 234,525 shares of the company’s stock worth $16,302,000 after purchasing an additional 79,297 shares during the period. Waverly Advisors LLC bought a new position in shares of iShares Morningstar Small-Cap Value ETF during the first quarter worth approximately $203,000. Finally, Cetera Investment Advisers lifted its holdings in iShares Morningstar Small-Cap Value ETF by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 102,633 shares of the company’s stock worth $7,134,000 after purchasing an additional 3,352 shares during 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.