iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Sets New 1-Year High – Here’s Why

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $80.45 and last traded at $80.39, with a volume of 2309 shares trading hands. The stock had previously closed at $79.56.

iShares Morningstar Small-Cap Value ETF Price Performance

The business has a fifty day moving average of $76.92 and a 200-day moving average of $73.82. The stock has a market capitalization of $699.57 million, a price-to-earnings ratio of 13.52 and a beta of 0.99.

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

Several large investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC acquired a new position in shares of iShares Morningstar Small-Cap Value ETF in the 4th quarter worth approximately $29,000. Bessemer Group Inc. acquired a new stake in iShares Morningstar Small-Cap Value ETF during the first quarter valued at approximately $48,000. Laurel Wealth Advisors LLC bought a new stake in iShares Morningstar Small-Cap Value ETF during the fourth quarter worth approximately $58,000. Rockefeller Capital Management L.P. grew its position in iShares Morningstar Small-Cap Value ETF by 16.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,073 shares of the company’s stock worth $74,000 after buying an additional 150 shares during the last quarter. Finally, Basepoint Wealth LLC acquired a new position in iShares Morningstar Small-Cap Value ETF in the fourth quarter worth approximately $121,000.

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.