Beam Wealth Advisors Inc. Raises Holdings in iShares Morningstar Small-Cap Growth ETF $ISCG

Beam Wealth Advisors Inc. raised its holdings in iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) by 34.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 104,264 shares of the company’s stock after acquiring an additional 26,452 shares during the quarter. iShares Morningstar Small-Cap Growth ETF accounts for about 1.4% of Beam Wealth Advisors Inc.’s holdings, making the stock its 16th biggest position. Beam Wealth Advisors Inc. owned about 0.67% of iShares Morningstar Small-Cap Growth ETF worth $5,714,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of ISCG. Merkkuri Wealth Advisors LLC purchased a new stake in iShares Morningstar Small-Cap Growth ETF during the first quarter worth $49,000. Arax Advisory Partners purchased a new stake in shares of iShares Morningstar Small-Cap Growth ETF in the 4th quarter worth about $52,000. Laurel Wealth Advisors LLC acquired a new stake in iShares Morningstar Small-Cap Growth ETF in the 4th quarter valued at about $78,000. Smartleaf Asset Management LLC grew its stake in iShares Morningstar Small-Cap Growth ETF by 13.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,704 shares of the company’s stock valued at $134,000 after acquiring an additional 331 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC purchased a new position in iShares Morningstar Small-Cap Growth ETF during the 4th quarter valued at about $142,000.

iShares Morningstar Small-Cap Growth ETF Trading Down 1.1%

Shares of ISCG opened at $63.32 on Thursday. The stock has a market cap of $975.13 million, a P/E ratio of 26.03 and a beta of 1.12. The company has a 50-day moving average of $62.46 and a two-hundred day moving average of $59.35. iShares Morningstar Small-Cap Growth ETF has a 12-month low of $49.33 and a 12-month high of $65.97.

iShares Morningstar Small-Cap Growth ETF Profile

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.