iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Sets New 12-Month High – Should You Buy?

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $77.90 and last traded at $77.90, with a volume of 1101 shares changing hands. The stock had previously closed at $76.29.

iShares Morningstar Small-Cap Value ETF Trading Up 0.6%

The business has a 50-day moving average of $74.78 and a 200 day moving average of $72.33. The firm has a market capitalization of $673.55 million, a PE ratio of 13.52 and a beta of 0.99.

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

A number of institutional investors have recently added to or reduced their stakes in ISCV. Bank of America Corp DE lifted its position in shares of iShares Morningstar Small-Cap Value ETF by 17.1% during the 1st quarter. Bank of America Corp DE now owns 201,871 shares of the company’s stock worth $14,032,000 after buying an additional 29,497 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of iShares Morningstar Small-Cap Value ETF during the first quarter valued at approximately $247,000. Royal Bank of Canada increased its position in shares of iShares Morningstar Small-Cap Value ETF by 51.1% during the first quarter. Royal Bank of Canada now owns 234,525 shares of the company’s stock valued at $16,302,000 after acquiring an additional 79,297 shares during the last quarter. Waverly Advisors LLC purchased a new stake in shares of iShares Morningstar Small-Cap Value ETF during the first quarter valued at approximately $203,000. Finally, Cetera Investment Advisers lifted its holdings in iShares Morningstar Small-Cap Value ETF by 3.4% during the first quarter. Cetera Investment Advisers now owns 102,633 shares of the company’s stock worth $7,134,000 after acquiring an additional 3,352 shares during the period.

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. ISCV was launched on Jun 28, 2004 and is managed by BlackRock.