iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lowered its stake in shares of iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) by 3.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 316,843 shares of the company’s stock after selling 12,042 shares during the quarter. Avantax Advisory Services Inc. owned approximately 2.60% of iShares Morningstar Small-Cap Growth ETF worth $14,755,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Madison Wealth Partners Inc grew its position in shares of iShares Morningstar Small-Cap Growth ETF by 5.6% during the fourth quarter. Madison Wealth Partners Inc now owns 7,749 shares of the company’s stock worth $341,000 after acquiring an additional 412 shares during the last quarter. Rodgers & Associates LTD grew its position in shares of iShares Morningstar Small-Cap Growth ETF by 1.5% during the fourth quarter. Rodgers & Associates LTD now owns 32,646 shares of the company’s stock worth $1,436,000 after acquiring an additional 490 shares during the last quarter. Archer Investment Corp grew its position in shares of iShares Morningstar Small-Cap Growth ETF by 114.1% during the fourth quarter. Archer Investment Corp now owns 1,092 shares of the company’s stock worth $48,000 after acquiring an additional 582 shares during the last quarter. Opes Wealth Management LLC grew its position in shares of iShares Morningstar Small-Cap Growth ETF by 1.0% during the fourth quarter. Opes Wealth Management LLC now owns 107,454 shares of the company’s stock worth $4,728,000 after acquiring an additional 1,028 shares during the last quarter. Finally, Concord Wealth Partners purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF during the first quarter worth approximately $65,000.

iShares Morningstar Small-Cap Growth ETF Stock Up 2.7 %

NYSEARCA:ISCG traded up $1.31 during midday trading on Tuesday, reaching $48.99. The stock had a trading volume of 87,035 shares, compared to its average volume of 41,514. The firm has a fifty day simple moving average of $45.53 and a two-hundred day simple moving average of $44.75. iShares Morningstar Small-Cap Growth ETF has a 12-month low of $35.33 and a 12-month high of $49.16. The stock has a market cap of $595.23 million, a P/E ratio of 21.98 and a beta of 1.23.

About iShares Morningstar Small-Cap Growth ETF

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.