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

Shares of iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) hit a new 52-week high on Wednesday . The company traded as high as $66.00 and last traded at $65.77, with a volume of 2512 shares trading hands. The stock had previously closed at $65.45.

iShares Morningstar Small-Cap Growth ETF Stock Up 0.1%

The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 26.03 and a beta of 1.12. The business’s 50-day moving average is $63.50 and its two-hundred day moving average is $60.36.

Institutional Trading of iShares Morningstar Small-Cap Growth ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ISCG. Fifth Third Securities Inc. lifted its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 2.0% in the fourth quarter. Fifth Third Securities Inc. now owns 10,315 shares of the company’s stock valued at $572,000 after purchasing an additional 201 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 6.1% during the first quarter. Kestra Private Wealth Services LLC now owns 4,087 shares of the company’s stock valued at $224,000 after buying an additional 236 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 13.9% during the second quarter. Smartleaf Asset Management LLC now owns 2,704 shares of the company’s stock valued at $134,000 after buying an additional 331 shares in the last quarter. Synergy Financial Group LTD raised its position in iShares Morningstar Small-Cap Growth ETF by 4.4% during the fourth quarter. Synergy Financial Group LTD now owns 7,892 shares of the company’s stock valued at $438,000 after buying an additional 336 shares during the period. Finally, Susquehanna International Group LLP raised its position in iShares Morningstar Small-Cap Growth ETF by 3.2% during the third quarter. Susquehanna International Group LLP now owns 12,973 shares of the company’s stock valued at $705,000 after buying an additional 405 shares during the period.

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. ISCG was launched on Jun 28, 2004 and is managed by BlackRock.