iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Reaches New 1-Year High – Here’s What Happened

Shares of iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $76.24 and last traded at $75.81, with a volume of 4563 shares trading hands. The stock had previously closed at $75.09.

iShares Morningstar Small-Cap Value ETF Price Performance

The stock’s fifty day simple moving average is $73.35 and its 200-day simple moving average is $71.57. The company has a market capitalization of $652.94 million, a P/E ratio of 13.52 and a beta of 0.99.

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

A number of hedge funds have recently bought and sold shares of ISCV. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares Morningstar Small-Cap Value ETF by 664.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 139,305 shares of the company’s stock valued at $10,034,000 after acquiring an additional 121,076 shares during the period. Granville Capital Inc. bought a new stake in iShares Morningstar Small-Cap Value ETF during the fourth quarter valued at about $7,556,000. Exchange Traded Concepts LLC boosted its holdings in iShares Morningstar Small-Cap Value ETF by 12.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 908,467 shares of the company’s stock valued at $62,230,000 after acquiring an additional 101,072 shares during the period. MB Generational Wealth LLC bought a new stake in iShares Morningstar Small-Cap Value ETF during the third quarter valued at about $6,257,000. Finally, Royal Bank of Canada raised 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 buying an additional 79,297 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.