iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Reaches New 52-Week High – What’s Next?

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

iShares Morningstar Small-Cap Growth ETF Stock Performance

The company has a market capitalization of $656.34 million, a PE ratio of 21.98 and a beta of 1.23. The company has a 50 day moving average price of $49.94 and a 200 day moving average price of $47.51.

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

A number of institutional investors have recently modified their holdings of the stock. Archer Investment Corp increased its holdings in iShares Morningstar Small-Cap Growth ETF by 38.8% in 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 acquired a new stake in shares of iShares Morningstar Small-Cap Growth ETF during the 2nd quarter valued at approximately $83,000. Tortoise Investment Management LLC acquired a new stake in shares of iShares Morningstar Small-Cap Growth ETF during the 2nd quarter valued at approximately $133,000. Opal Wealth Advisors LLC bought a new position in iShares Morningstar Small-Cap Growth ETF during the second quarter worth $143,000. Finally, Prospera Financial Services Inc acquired a new position in iShares Morningstar Small-Cap Growth ETF in the third quarter worth $211,000.

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.