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

Shares of iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) hit a new 52-week high on Wednesday . The stock traded as high as $68.88 and last traded at $68.8750, with a volume of 11392 shares. The stock had previously closed at $67.97.

iShares Morningstar Small-Cap Value ETF Trading Up 1.3%

The company has a market cap of $564.69 million, a P/E ratio of 13.52 and a beta of 1.11. The company’s 50-day moving average price is $66.56 and its two-hundred day moving average price is $64.41.

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

A number of institutional investors have recently made changes to their positions in ISCV. LPL Financial LLC lifted its holdings in shares of iShares Morningstar Small-Cap Value ETF by 12.9% in the first quarter. LPL Financial LLC now owns 150,439 shares of the company’s stock valued at $8,921,000 after buying an additional 17,199 shares during the period. D.A. Davidson & CO. boosted its holdings in iShares Morningstar Small-Cap Value ETF by 3.8% during the second quarter. D.A. Davidson & CO. now owns 19,318 shares of the company’s stock worth $1,186,000 after buying an additional 707 shares in the last quarter. World Investment Advisors bought a new position in shares of iShares Morningstar Small-Cap Value ETF in the second quarter valued at $206,000. Envestnet Asset Management Inc. lifted its position in shares of iShares Morningstar Small-Cap Value ETF by 7.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 9,406 shares of the company’s stock valued at $558,000 after acquiring an additional 671 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of iShares Morningstar Small-Cap Value ETF by 12.3% during the 1st quarter. Cetera Investment Advisers now owns 46,677 shares of the company’s stock worth $2,768,000 after acquiring an additional 5,120 shares in the last quarter.

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.