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

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $65.64 and last traded at $65.54, with a volume of 29803 shares. The stock had previously closed at $64.85.

iShares Morningstar Small-Cap Growth ETF Stock Up 1.1%

The stock has a market capitalization of $1.03 billion, a P/E ratio of 26.03 and a beta of 1.13. The company has a fifty day simple moving average of $62.00 and a two-hundred day simple moving average of $59.01.

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

Several institutional investors and hedge funds have recently modified their holdings of ISCG. Merkkuri Wealth Advisors LLC bought a new stake in iShares Morningstar Small-Cap Growth ETF during the 1st quarter worth approximately $49,000. Arax Advisory Partners bought a new position in iShares Morningstar Small-Cap Growth ETF in the fourth quarter valued at approximately $52,000. Western Wealth Management LLC bought a new position in iShares Morningstar Small-Cap Growth ETF in the first quarter valued at approximately $76,000. Laurel Wealth Advisors LLC acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF in the fourth quarter valued at approximately $78,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF in the fourth quarter valued at approximately $142,000.

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.