iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Reaches New 52-Week High – Should You Buy?

Shares of iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) hit a new 52-week high during trading on Tuesday . The company traded as high as $79.08 and last traded at $78.78, with a volume of 14709 shares traded. The stock had previously closed at $78.79.

iShares Morningstar Small-Cap Value ETF Trading Down 0.0%

The firm’s fifty day simple moving average is $75.53 and its two-hundred day simple moving average is $72.83. The company has a market capitalization of $685.39 million, a price-to-earnings ratio of 13.52 and a beta of 0.99.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Creative Planning lifted its holdings in iShares Morningstar Small-Cap Value ETF by 20.5% in the second quarter. Creative Planning now owns 4,955 shares of the company’s stock valued at $304,000 after acquiring an additional 842 shares during the last quarter. JPMorgan Chase & Co. increased its stake in iShares Morningstar Small-Cap Value ETF by 9.0% during the second quarter. JPMorgan Chase & Co. now owns 62,117 shares of the company’s stock worth $3,813,000 after acquiring an additional 5,139 shares during the last quarter. Ameriprise Financial Inc. increased its stake in iShares Morningstar Small-Cap Value ETF by 49.6% during the second quarter. Ameriprise Financial Inc. now owns 50,332 shares of the company’s stock worth $3,227,000 after acquiring an additional 16,680 shares during the last quarter. Bank of America Corp DE raised its position in iShares Morningstar Small-Cap Value ETF by 9.4% in the second quarter. Bank of America Corp DE now owns 162,873 shares of the company’s stock valued at $9,999,000 after purchasing an additional 13,955 shares during the period. Finally, IHT Wealth Management LLC raised its position in iShares Morningstar Small-Cap Value ETF by 2.1% in the second quarter. IHT Wealth Management LLC now owns 27,555 shares of the company’s stock valued at $1,692,000 after purchasing an additional 579 shares during the period.

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.