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

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $74.52 and last traded at $74.4060, with a volume of 2908 shares trading hands. The stock had previously closed at $74.28.

iShares Morningstar Small-Cap Value ETF Trading Up 0.5%

The company has a market cap of $634.48 million, a P/E ratio of 13.52 and a beta of 1.11. The company’s 50-day moving average price is $70.74 and its two-hundred day moving average price is $67.64.

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

Several hedge funds have recently modified their holdings of the stock. Exchange Traded Concepts LLC lifted its stake in iShares Morningstar Small-Cap Value ETF by 12.5% in 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 last quarter. Focus Partners Wealth raised its holdings in shares of iShares Morningstar Small-Cap Value ETF by 4.5% in the third quarter. Focus Partners Wealth now owns 413,434 shares of the company’s stock valued at $27,524,000 after buying an additional 17,642 shares during the last quarter. VAUGHAN & Co SECURITIES INC. lifted its stake in shares of iShares Morningstar Small-Cap Value ETF by 3.6% during the fourth quarter. VAUGHAN & Co SECURITIES INC. now owns 300,980 shares of the company’s stock valued at $20,617,000 after acquiring an additional 10,322 shares during the period. Matrix Trust Co lifted its stake in iShares Morningstar Small-Cap Value ETF by 1.2% in the fourth quarter. Matrix Trust Co now owns 187,179 shares of the company’s stock valued at $12,822,000 after buying an additional 2,205 shares during the period. Finally, Steele Capital Management Inc. lifted its holdings in iShares Morningstar Small-Cap Value ETF by 1.2% during the fourth quarter. Steele Capital Management Inc. now owns 187,179 shares of the company’s stock worth $12,822,000 after acquiring an additional 2,205 shares in 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.