iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Hits New 52-Week High – What’s Next?

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $65.64 and last traded at $65.54, with a volume of 29803 shares changing hands. The stock had previously closed at $64.85.

iShares Morningstar Small-Cap Growth ETF Stock Up 1.1%

The business’s fifty day moving average is $62.00 and its two-hundred day moving average is $59.01. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 26.03 and a beta of 1.13.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Jacksonville Wealth Management LLC acquired a new position in iShares Morningstar Small-Cap Growth ETF during the fourth quarter valued at approximately $834,000. Farther Finance Advisors LLC increased its stake in iShares Morningstar Small-Cap Growth ETF by 368.3% in the fourth quarter. Farther Finance Advisors LLC now owns 28,379 shares of the company’s stock valued at $1,574,000 after purchasing an additional 22,319 shares in the last quarter. Systelligence LLC acquired a new stake in iShares Morningstar Small-Cap Growth ETF in the first quarter worth $14,275,000. MRA Advisory Group acquired a new stake in iShares Morningstar Small-Cap Growth ETF in the first quarter worth $6,014,000. Finally, Black Diamond Financial LLC boosted its position in shares of iShares Morningstar Small-Cap Growth ETF by 10.2% during the fourth quarter. Black Diamond Financial LLC now owns 209,843 shares of the company’s stock worth $11,638,000 after purchasing an additional 19,508 shares in the last quarter.

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.