iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Hits New 52-Week High – Here’s What Happened

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $71.00 and last traded at $70.64, with a volume of 429 shares trading hands. The stock had previously closed at $69.86.

iShares Morningstar Small-Cap Value ETF Stock Up 1.6%

The company’s fifty day simple moving average is $68.08 and its 200 day simple moving average is $66.14. The firm has a market capitalization of $605.97 million, a PE ratio of 13.52 and a beta of 1.11.

Institutional Investors Weigh In On iShares Morningstar Small-Cap Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its position in iShares Morningstar Small-Cap Value ETF by 154.6% during the third quarter. Exchange Traded Concepts LLC now owns 807,395 shares of the company’s stock valued at $53,803,000 after buying an additional 490,245 shares during the period. Focus Partners Wealth grew its position in shares of iShares Morningstar Small-Cap Value ETF by 4.5% in the 3rd quarter. Focus Partners Wealth now owns 413,434 shares of the company’s stock worth $27,524,000 after buying an additional 17,642 shares during the period. VAUGHAN & Co SECURITIES INC. increased its stake in shares of iShares Morningstar Small-Cap Value ETF by 3.1% in the 3rd quarter. VAUGHAN & Co SECURITIES INC. now owns 290,658 shares of the company’s stock worth $19,369,000 after acquiring an additional 8,763 shares in the last quarter. Matrix Trust Co lifted its position in iShares Morningstar Small-Cap Value ETF by 1.7% during the 2nd quarter. Matrix Trust Co now owns 189,512 shares of the company’s stock valued at $11,634,000 after acquiring an additional 3,186 shares during the period. Finally, Bank of America Corp DE lifted its position in iShares Morningstar Small-Cap Value ETF by 9.4% during the 2nd quarter. Bank of America Corp DE now owns 162,873 shares of the company’s stock valued at $9,999,000 after acquiring an additional 13,955 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.