iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Sees Strong Trading Volume – Here’s Why

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) saw strong trading volume on Friday . 201,048 shares traded hands during trading, an increase of 234% from the previous session’s volume of 60,226 shares.The stock last traded at $55.25 and had previously closed at $55.07.

iShares Morningstar Small-Cap Growth ETF Trading Down 0.4%

The company has a 50-day simple moving average of $58.25 and a 200 day simple moving average of $56.04. The company has a market cap of $836.77 million, a P/E ratio of 26.03 and a beta of 1.10.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in iShares Morningstar Small-Cap Growth ETF by 3.5% during the 4th quarter. JPMorgan Chase & Co. now owns 851,509 shares of the company’s stock valued at $47,225,000 after buying an additional 28,437 shares in the last quarter. LPL Financial LLC grew its stake in iShares Morningstar Small-Cap Growth ETF by 31.4% in the 4th quarter. LPL Financial LLC now owns 676,850 shares of the company’s stock worth $37,538,000 after acquiring an additional 161,609 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of iShares Morningstar Small-Cap Growth ETF by 810.2% during the fourth quarter. Osaic Holdings Inc. now owns 616,773 shares of the company’s stock worth $34,209,000 after acquiring an additional 549,014 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Morningstar Small-Cap Growth ETF by 5.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519,552 shares of the company’s stock worth $28,814,000 after acquiring an additional 28,968 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of iShares Morningstar Small-Cap Growth ETF by 1.8% during the fourth quarter. Cetera Investment Advisers now owns 404,010 shares of the company’s stock valued at $22,406,000 after acquiring an additional 7,047 shares in the last quarter.

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.