iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Stock Break Above Two Hundred Day Moving Average – Here’s Why

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG – Get Free Report)’s share price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $61.00 and traded as high as $61.87. iShares Morningstar Small-Cap Growth ETF shares last traded at $61.62, with a volume of 39,588 shares changing hands.

iShares Morningstar Small-Cap Growth ETF Trading Up 3.5%

The company has a market capitalization of $967.43 million, a P/E ratio of 24.40 and a beta of 1.14. The business’s 50-day simple moving average is $61.70 and its 200 day simple moving average is $61.00.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ISCG. Steele Capital Management Inc. bought a new position in iShares Morningstar Small-Cap Growth ETF during the 3rd quarter valued at $11,006,000. McKinley Carter Wealth Services Inc. acquired a new position in iShares Morningstar Small-Cap Growth ETF during the third quarter worth about $6,536,000. Commonwealth Equity Services LLC acquired a new position in iShares Morningstar Small-Cap Growth ETF during the third quarter worth about $3,455,000. Van Diest Capital LLC grew its holdings in iShares Morningstar Small-Cap Growth ETF by 667.2% during the first quarter. Van Diest Capital LLC now owns 58,414 shares of the company’s stock worth $3,201,000 after acquiring an additional 50,800 shares during the period. Finally, Certified Advisory Corp raised its position in iShares Morningstar Small-Cap Growth ETF by 26.3% in the third quarter. Certified Advisory Corp now owns 124,018 shares of the company’s stock worth $7,587,000 after acquiring an additional 25,845 shares in the last quarter.

About iShares Morningstar Small-Cap Growth ETF

(Get Free Report)

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.

Further Reading

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