Merit Financial Group LLC Purchases 9,300 Shares of iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV)

Merit Financial Group LLC lifted its stake in shares of iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) by 115.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,350 shares of the company’s stock after purchasing an additional 9,300 shares during the quarter. Merit Financial Group LLC’s holdings in iShares Morningstar Small-Cap Value ETF were worth $1,027,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Steele Capital Management Inc. purchased a new position in iShares Morningstar Small-Cap Value ETF during the fourth quarter worth about $11,571,000. Panoramic Investment Advisors LLC purchased a new position in shares of iShares Morningstar Small-Cap Value ETF in the 3rd quarter worth about $741,000. VAUGHAN & Co SECURITIES INC. boosted its holdings in shares of iShares Morningstar Small-Cap Value ETF by 4.4% in the 4th quarter. VAUGHAN & Co SECURITIES INC. now owns 251,515 shares of the company’s stock worth $14,892,000 after purchasing an additional 10,487 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in shares of iShares Morningstar Small-Cap Value ETF in the 4th quarter worth about $507,000. Finally, NBC Securities Inc. purchased a new position in shares of iShares Morningstar Small-Cap Value ETF in the 3rd quarter worth about $278,000.

iShares Morningstar Small-Cap Value ETF Trading Up 0.9 %

ISCV opened at $58.72 on Monday. The stock has a 50-day moving average price of $58.60 and a 200-day moving average price of $56.43. iShares Morningstar Small-Cap Value ETF has a 12-month low of $47.64 and a 12-month high of $61.41. The stock has a market capitalization of $411.04 million, a P/E ratio of 10.79 and a beta of 1.15.

iShares Morningstar Small-Cap Value ETF Company Profile

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.