iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Hits New 12-Month High – Should You Buy?

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $62.43 and last traded at $62.12, with a volume of 2701 shares. The stock had previously closed at $61.67.

iShares Morningstar Small-Cap Growth ETF Stock Performance

The company has a market capitalization of $985.48 million, a PE ratio of 26.03 and a beta of 1.13. The firm’s 50-day simple moving average is $58.79 and its 200 day simple moving average is $57.59.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ISCG. Merkkuri Wealth Advisors LLC acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF during the 1st quarter valued at about $49,000. Arax Advisory Partners acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF during the 4th quarter valued at about $52,000. Glassy Mountain Advisors Inc. acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF during the 3rd quarter valued at about $68,000. Western Wealth Management LLC acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF during the 1st quarter valued at about $76,000. Finally, Laurel Wealth Advisors LLC acquired a new position in iShares Morningstar Small-Cap Growth ETF in the fourth quarter valued at $78,000.

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. ISCG was launched on Jun 28, 2004 and is managed by BlackRock.