iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Sets New 52-Week High – Still a Buy?

Shares of iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) reached a new 52-week high during trading on Tuesday . The company traded as high as $74.52 and last traded at $74.4060, with a volume of 2908 shares. The stock had previously closed at $74.28.

iShares Morningstar Small-Cap Value ETF Stock Up 0.5%

The company has a fifty day simple moving average of $70.74 and a two-hundred day simple moving average of $67.64. The company has a market cap of $634.48 million, a price-to-earnings ratio of 13.52 and a beta of 1.11.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rodgers & Associates LTD boosted its position in shares of iShares Morningstar Small-Cap Value ETF by 35.9% during the 2nd quarter. Rodgers & Associates LTD now owns 43,078 shares of the company’s stock valued at $2,645,000 after purchasing an additional 11,388 shares in the last quarter. Madison Wealth Partners Inc raised its holdings in iShares Morningstar Small-Cap Value ETF by 3.6% in the 2nd quarter. Madison Wealth Partners Inc now owns 5,307 shares of the company’s stock worth $326,000 after acquiring an additional 184 shares during the period. D.A. Davidson & CO. grew its position in shares of iShares Morningstar Small-Cap Value ETF by 3.8% in the second quarter. D.A. Davidson & CO. now owns 19,318 shares of the company’s stock valued at $1,186,000 after purchasing an additional 707 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of iShares Morningstar Small-Cap Value ETF by 540.8% in the second quarter. Envestnet Asset Management Inc. now owns 60,270 shares of the company’s stock worth $3,700,000 after purchasing an additional 50,864 shares during the period. Finally, GWN Securities Inc. lifted its position in shares of iShares Morningstar Small-Cap Value ETF by 12.6% during the 2nd quarter. GWN Securities Inc. now owns 5,038 shares of the company’s stock worth $310,000 after purchasing an additional 565 shares during the last quarter.

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.