iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) saw unusually-high trading volume on Friday . Approximately 453,929 shares were traded during trading, an increase of 696% from the previous session’s volume of 57,027 shares.The stock last traded at $54.4770 and had previously closed at $54.06.

iShares Morningstar Small-Cap Growth ETF Trading Up 0.8%

The firm has a fifty day simple moving average of $54.59 and a two-hundred day simple moving average of $50.93. The firm has a market cap of $763.14 million, a PE ratio of 26.03 and a beta of 1.10.

Institutional Trading of iShares Morningstar Small-Cap Growth ETF

Several large investors have recently added to or reduced their stakes in the stock. Focus Partners Wealth increased its position in iShares Morningstar Small-Cap Growth ETF by 303.0% during the 1st quarter. Focus Partners Wealth now owns 1,823,354 shares of the company’s stock valued at $82,142,000 after purchasing an additional 1,370,872 shares during the period. Rockport Wealth LLC bought a new stake in shares of iShares Morningstar Small-Cap Growth ETF during the 2nd quarter valued at about $16,126,000. CWM LLC increased its position in shares of iShares Morningstar Small-Cap Growth ETF by 79.5% during the first quarter. CWM LLC now owns 292,644 shares of the company’s stock valued at $13,184,000 after buying an additional 129,607 shares during the period. McKinley Carter Wealth Services Inc. bought a new position in iShares Morningstar Small-Cap Growth ETF in the third quarter worth about $6,816,000. Finally, Black Diamond Financial LLC raised its stake in iShares Morningstar Small-Cap Growth ETF by 78.1% in the third quarter. Black Diamond Financial LLC now owns 190,335 shares of the company’s stock worth $10,337,000 after buying an additional 83,462 shares in 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.