iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Reaches New 1-Year High – Still a Buy?

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV)’s share price hit a new 52-week high during trading on Wednesday . The company 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 Price Performance

The stock has a market cap of $564.69 million, a price-to-earnings ratio of 13.52 and a beta of 1.11. The firm has a 50 day simple moving average of $66.56 and a two-hundred day simple moving average of $64.41.

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

Several hedge funds have recently bought and sold shares of ISCV. Envestnet Asset Management Inc. grew its holdings in shares of iShares Morningstar Small-Cap Value ETF by 7.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 9,406 shares of the company’s stock valued at $558,000 after buying an additional 671 shares during the period. Cetera Investment Advisers lifted its holdings in iShares Morningstar Small-Cap Value ETF by 12.3% during the first 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. LPL Financial LLC grew its stake in 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 acquiring an additional 17,199 shares during the period. PNC Financial Services Group Inc. acquired a new position in iShares Morningstar Small-Cap Value ETF in the first quarter valued at about $31,000. Finally, Summit Financial LLC bought a new position in shares of iShares Morningstar Small-Cap Value ETF during the 1st quarter valued at about $218,000.

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.