iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Hits New 52-Week High – Still a Buy?

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) shares hit a new 52-week high on Tuesday . The company traded as high as $62.43 and last traded at $62.12, with a volume of 2701 shares trading hands. The stock had previously closed at $61.67.

iShares Morningstar Small-Cap Growth ETF Price Performance

The business’s 50 day moving average is $58.49 and its two-hundred day moving average is $57.47. The firm has a market capitalization of $979.22 million, a PE ratio of 26.03 and a beta of 1.13.

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

Large investors have recently added to or reduced their stakes in the company. Jacksonville Wealth Management LLC purchased a new stake in iShares Morningstar Small-Cap Growth ETF during the fourth quarter valued at about $834,000. Farther Finance Advisors LLC raised its stake in shares of iShares Morningstar Small-Cap Growth ETF by 368.3% during the fourth quarter. Farther Finance Advisors LLC now owns 28,379 shares of the company’s stock worth $1,574,000 after acquiring an additional 22,319 shares in the last quarter. Atlanta Consulting Group Advisors LLC purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF during the third quarter worth approximately $3,049,000. Beam Wealth Advisors Inc. raised its stake in shares of iShares Morningstar Small-Cap Growth ETF by 18.6% during the third quarter. Beam Wealth Advisors Inc. now owns 70,646 shares of the company’s stock worth $3,837,000 after acquiring an additional 11,097 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF during the third quarter worth approximately $6,816,000.

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.