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

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) hit a new 52-week high during trading on Monday . The company traded as high as $54.06 and last traded at $54.00, with a volume of 12622 shares changing hands. The stock had previously closed at $53.20.

iShares Morningstar Small-Cap Growth ETF Stock Performance

The business has a fifty day simple moving average of $49.82 and a 200 day simple moving average of $47.45. The stock has a market capitalization of $656.83 million, a price-to-earnings ratio of 21.98 and a beta of 1.23.

Institutional Trading of iShares Morningstar Small-Cap Growth ETF

Several large investors have recently modified their holdings of ISCG. Archer Investment Corp boosted its position in shares of iShares Morningstar Small-Cap Growth ETF by 38.8% during the second quarter. Archer Investment Corp now owns 1,516 shares of the company’s stock valued at $69,000 after buying an additional 424 shares during the last quarter. Gilliland Jeter Wealth Management LLC bought a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 2nd quarter worth approximately $83,000. Tortoise Investment Management LLC bought a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 2nd quarter worth approximately $133,000. Opal Wealth Advisors LLC bought a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 2nd quarter worth approximately $143,000. Finally, Prospera Financial Services Inc bought a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 3rd quarter worth approximately $211,000.

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.