iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Reaches New 12-Month High – Should You Buy?

Shares of iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) hit a new 52-week high on Friday . The company traded as high as $56.72 and last traded at $56.6110, with a volume of 3205 shares trading hands. The stock had previously closed at $56.44.

iShares Morningstar Small-Cap Growth ETF Stock Up 0.2%

The business’s fifty day moving average is $54.77 and its two-hundred day moving average is $52.16. The stock has a market cap of $791.84 million, a price-to-earnings ratio of 26.03 and a beta of 1.10.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers grew its position in shares of iShares Morningstar Small-Cap Growth ETF by 1.1% during the first quarter. Cetera Investment Advisers now owns 31,501 shares of the company’s stock worth $1,419,000 after buying an additional 356 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in iShares Morningstar Small-Cap Growth ETF in the second quarter worth approximately $298,000. Geneos Wealth Management Inc. increased its position in shares of iShares Morningstar Small-Cap Growth ETF by 508.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,354 shares of the company’s stock valued at $106,000 after purchasing an additional 1,967 shares during the last quarter. Creative Planning raised its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 28.8% in the 2nd quarter. Creative Planning now owns 28,341 shares of the company’s stock valued at $1,410,000 after purchasing an additional 6,336 shares in the last quarter. Finally, Prospera Financial Services Inc acquired a new stake in shares of iShares Morningstar Small-Cap Growth ETF in the 2nd quarter valued at $215,000.

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.