iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Sets New 52-Week High – Should You Buy?

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $64.33 and last traded at $64.33, with a volume of 1260 shares trading hands. The stock had previously closed at $63.02.

iShares Morningstar Small-Cap Growth ETF Stock Performance

The firm’s 50 day moving average is $61.60 and its 200-day moving average is $58.78. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 26.03 and a beta of 1.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Merkkuri Wealth Advisors LLC purchased a new stake in shares of iShares Morningstar Small-Cap Growth ETF during the 1st quarter worth about $49,000. Arax Advisory Partners purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 4th quarter valued at about $52,000. Western Wealth Management LLC purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 1st quarter valued at about $76,000. Laurel Wealth Advisors LLC acquired a new position in iShares Morningstar Small-Cap Growth ETF in the 4th quarter worth about $78,000. Finally, Smartleaf Asset Management LLC raised its holdings in iShares Morningstar Small-Cap Growth ETF by 13.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,704 shares of the company’s stock worth $134,000 after purchasing an additional 331 shares during the period.

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.