iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Reaches New 1-Year High – Should You Buy?

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG)’s share price reached a new 52-week high on Friday . The stock traded as high as $63.46 and last traded at $63.46, with a volume of 2622 shares changing hands. The stock had previously closed at $62.66.

iShares Morningstar Small-Cap Growth ETF Stock Performance

The company has a 50-day simple moving average of $60.41 and a two-hundred day simple moving average of $58.27. The firm has a market capitalization of $991.11 million, a P/E ratio of 26.03 and a beta of 1.13.

Institutional Trading of iShares Morningstar Small-Cap Growth ETF

Hedge funds have recently made changes to their positions in the stock. Jacksonville Wealth Management LLC bought a new position in iShares Morningstar Small-Cap Growth ETF in the 4th quarter valued at approximately $834,000. Farther Finance Advisors LLC raised its stake in iShares Morningstar Small-Cap Growth ETF by 368.3% during the 4th quarter. Farther Finance Advisors LLC now owns 28,379 shares of the company’s stock valued at $1,574,000 after buying an additional 22,319 shares during the last quarter. Black Diamond Financial LLC raised its stake in iShares Morningstar Small-Cap Growth ETF by 10.2% during the 4th quarter. Black Diamond Financial LLC now owns 209,843 shares of the company’s stock valued at $11,638,000 after buying an additional 19,508 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in iShares Morningstar Small-Cap Growth ETF by 5.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,552 shares of the company’s stock valued at $28,814,000 after buying an additional 28,968 shares during the last quarter. Finally, Opes Wealth Management LLC raised its stake in iShares Morningstar Small-Cap Growth ETF by 0.7% during the 3rd quarter. Opes Wealth Management LLC now owns 128,013 shares of the company’s stock valued at $6,952,000 after buying an additional 944 shares during 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.