iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Reaches New 1-Year High – Should You Buy?

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $63.46 and last traded at $63.46, with a volume of 2622 shares trading hands. The stock had previously closed at $62.66.

iShares Morningstar Small-Cap Growth ETF Price Performance

The company has a market cap of $991.11 million, a P/E ratio of 26.03 and a beta of 1.13. The company has a 50 day moving average of $60.41 and a 200-day moving average of $58.27.

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

Several hedge funds have recently added to or reduced their stakes in ISCG. Jane Street Group LLC increased its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 249.2% in the first quarter. Jane Street Group LLC now owns 38,309 shares of the company’s stock worth $1,726,000 after buying an additional 27,337 shares during the period. Raymond James Financial Inc. increased its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 0.4% in the second quarter. Raymond James Financial Inc. now owns 117,644 shares of the company’s stock worth $5,854,000 after buying an additional 430 shares during the period. Monograph Wealth Advisors LLC purchased a new position in iShares Morningstar Small-Cap Growth ETF during the 2nd quarter valued at about $205,000. Smartleaf Asset Management LLC increased its holdings in iShares Morningstar Small-Cap Growth ETF by 13.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,704 shares of the company’s stock valued at $134,000 after purchasing an additional 331 shares during the period. Finally, Visionary Wealth Advisors increased its holdings in iShares Morningstar Small-Cap Growth ETF by 82.1% during the 2nd quarter. Visionary Wealth Advisors now owns 9,877 shares of the company’s stock valued at $491,000 after purchasing an additional 4,453 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.