iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Sees Large Volume Increase – Still a Buy?

Shares of iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) saw an uptick in trading volume on Friday . 201,048 shares traded hands during mid-day trading, an increase of 234% from the previous session’s volume of 60,226 shares.The stock last traded at $55.25 and had previously closed at $55.07.

iShares Morningstar Small-Cap Growth ETF Stock Performance

The firm has a fifty day simple moving average of $58.25 and a 200 day simple moving average of $56.04. The company has a market capitalization of $836.77 million, a PE ratio of 26.03 and a beta of 1.10.

Hedge Funds Weigh In On iShares Morningstar Small-Cap Growth ETF

Several institutional investors have recently made changes to their positions in ISCG. Twin Peaks Wealth Advisors LLC bought a new stake in shares of iShares Morningstar Small-Cap Growth ETF in the second quarter valued at about $39,000. Mather Group LLC. bought a new position in iShares Morningstar Small-Cap Growth ETF during the 3rd quarter worth about $46,000. Arax Advisory Partners bought a new position in iShares Morningstar Small-Cap Growth ETF during the 4th quarter worth about $52,000. Glassy Mountain Advisors Inc. purchased a new position in iShares Morningstar Small-Cap Growth ETF during the 3rd quarter valued at about $68,000. Finally, Laurel Wealth Advisors LLC purchased a new position in iShares Morningstar Small-Cap Growth ETF during the 4th quarter valued at about $78,000.

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.