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

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $62.43 and last traded at $62.12, with a volume of 2701 shares. The stock had previously closed at $61.67.

iShares Morningstar Small-Cap Growth ETF Price Performance

The firm’s 50 day moving average is $58.49 and its 200 day moving average is $57.47. The company has a market capitalization of $979.22 million, a PE ratio of 26.03 and a beta of 1.13.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ISCG. Osaic Holdings Inc. increased its holdings in iShares Morningstar Small-Cap Growth ETF by 810.2% during the 4th quarter. Osaic Holdings Inc. now owns 616,773 shares of the company’s stock valued at $34,209,000 after purchasing an additional 549,014 shares during the period. Systelligence LLC purchased a new position in iShares Morningstar Small-Cap Growth ETF during the 1st quarter valued at about $14,275,000. LPL Financial LLC increased its position in iShares Morningstar Small-Cap Growth ETF by 31.4% during the 4th quarter. LPL Financial LLC now owns 676,850 shares of the company’s stock valued at $37,538,000 after purchasing an additional 161,609 shares during the period. McKinley Carter Wealth Services Inc. purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF during the third quarter valued at about $6,816,000. Finally, MRA Advisory Group purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF during the 1st quarter worth approximately $6,014,000.

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