iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Reaches New 12-Month High – Here’s Why

Shares of iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) reached a new 52-week high during trading on Monday . The company traded as high as $54.06 and last traded at $54.00, with a volume of 12622 shares. The stock had previously closed at $53.20.

iShares Morningstar Small-Cap Growth ETF Stock Performance

The firm has a market capitalization of $656.34 million, a price-to-earnings ratio of 21.98 and a beta of 1.23. The business has a fifty day moving average price of $49.94 and a 200 day moving average price of $47.51.

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

A number of hedge funds have recently made changes to their positions in ISCG. TD Private Client Wealth LLC lifted its position in iShares Morningstar Small-Cap Growth ETF by 2.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,600 shares of the company’s stock worth $715,000 after acquiring an additional 309 shares in the last quarter. Archer Investment Corp boosted its stake in shares of iShares Morningstar Small-Cap Growth ETF by 38.8% in the second quarter. Archer Investment Corp now owns 1,516 shares of the company’s stock valued at $69,000 after purchasing an additional 424 shares during the period. Key Financial Inc boosted its stake in shares of iShares Morningstar Small-Cap Growth ETF by 4.3% in the third quarter. Key Financial Inc now owns 13,403 shares of the company’s stock valued at $656,000 after purchasing an additional 549 shares during the period. Opes Wealth Management LLC grew its holdings in iShares Morningstar Small-Cap Growth ETF by 0.8% during the 3rd quarter. Opes Wealth Management LLC now owns 104,440 shares of the company’s stock valued at $5,113,000 after purchasing an additional 833 shares in the last quarter. Finally, Beam Wealth Advisors Inc. increased its stake in iShares Morningstar Small-Cap Growth ETF by 3.1% during the 3rd quarter. Beam Wealth Advisors Inc. now owns 29,194 shares of the company’s stock worth $1,429,000 after buying an additional 888 shares during the period.

iShares Morningstar Small-Cap Growth ETF Company 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.