iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Hits New 1-Year High – Time to Buy?

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $58.70 and last traded at $58.60, with a volume of 7688 shares. The stock had previously closed at $58.47.

iShares Morningstar Small-Cap Growth ETF Trading Up 0.4%

The stock’s fifty day moving average price is $55.59 and its 200 day moving average price is $53.80. The stock has a market cap of $865.68 million, a P/E ratio of 26.03 and a beta of 1.10.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC bought a new position in shares of iShares Morningstar Small-Cap Growth ETF during the second quarter valued at $298,000. Geneos Wealth Management Inc. grew its position in iShares Morningstar Small-Cap Growth ETF by 508.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,354 shares of the company’s stock valued at $106,000 after purchasing an additional 1,967 shares during the last quarter. Cetera Investment Advisers increased its stake in iShares Morningstar Small-Cap Growth ETF by 32.4% during the 2nd quarter. Cetera Investment Advisers now owns 41,695 shares of the company’s stock valued at $2,075,000 after purchasing an additional 10,194 shares in the last quarter. Matrix Trust Co raised its holdings in iShares Morningstar Small-Cap Growth ETF by 5.6% in the third quarter. Matrix Trust Co now owns 176,783 shares of the company’s stock worth $9,601,000 after buying an additional 9,360 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of iShares Morningstar Small-Cap Growth ETF by 28.8% in the second quarter. Creative Planning now owns 28,341 shares of the company’s stock worth $1,410,000 after buying an additional 6,336 shares in the last quarter.

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.