iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Hits New 1-Year High – Should You Buy?

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $77.79 and last traded at $77.79, with a volume of 231 shares trading hands. The stock had previously closed at $76.52.

iShares Morningstar Small-Cap Value ETF Stock Down 0.0%

The firm has a market capitalization of $672.08 million, a price-to-earnings ratio of 13.52 and a beta of 0.99. The company’s 50 day moving average is $73.94 and its 200 day moving average is $71.88.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Creative Planning increased its stake in iShares Morningstar Small-Cap Value ETF by 20.5% during the 2nd quarter. Creative Planning now owns 4,955 shares of the company’s stock worth $304,000 after acquiring an additional 842 shares during the period. JPMorgan Chase & Co. lifted its position 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 purchasing an additional 5,139 shares during the period. Ameriprise Financial Inc. grew 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 buying an additional 16,680 shares in the last quarter. Bank of America Corp DE grew its stake in iShares Morningstar Small-Cap Value ETF by 9.4% during the second quarter. Bank of America Corp DE now owns 162,873 shares of the company’s stock worth $9,999,000 after buying an additional 13,955 shares in the last quarter. Finally, IHT Wealth Management LLC increased its holdings in iShares Morningstar Small-Cap Value ETF by 2.1% in the 2nd quarter. IHT Wealth Management LLC now owns 27,555 shares of the company’s stock valued at $1,692,000 after buying 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.