Archer Investment Corp Has $48,000 Holdings in iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG)

Archer Investment Corp boosted its holdings in shares of iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) by 114.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,092 shares of the company’s stock after acquiring an additional 582 shares during the quarter. Archer Investment Corp’s holdings in iShares Morningstar Small-Cap Growth ETF were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Beam Wealth Advisors Inc. grew its position in shares of iShares Morningstar Small-Cap Growth ETF by 8.1% in the fourth quarter. Beam Wealth Advisors Inc. now owns 26,428 shares of the company’s stock valued at $1,163,000 after purchasing an additional 1,971 shares during the last quarter. Phoenix Wealth Advisors grew its position in shares of iShares Morningstar Small-Cap Growth ETF by 60.4% in the fourth quarter. Phoenix Wealth Advisors now owns 15,707 shares of the company’s stock valued at $682,000 after purchasing an additional 5,913 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF in the fourth quarter valued at approximately $190,000. Tempus Wealth Planning LLC acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF in the fourth quarter valued at approximately $1,449,000. Finally, Towerpoint Wealth LLC acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF in the fourth quarter valued at approximately $220,000.

iShares Morningstar Small-Cap Growth ETF Trading Down 1.1 %

iShares Morningstar Small-Cap Growth ETF stock opened at $42.96 on Thursday. iShares Morningstar Small-Cap Growth ETF has a 12 month low of $35.33 and a 12 month high of $46.91. The stock’s 50 day moving average is $45.19 and its 200-day moving average is $42.08. The company has a market capitalization of $515.52 million, a price-to-earnings ratio of 21.93 and a beta of 1.22.

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.