iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Hits New 1-Year High – Here’s Why

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $73.01 and last traded at $73.0110, with a volume of 23418 shares trading hands. The stock had previously closed at $71.34.

iShares Morningstar Small-Cap Value ETF Stock Performance

The firm has a market capitalization of $620.84 million, a price-to-earnings ratio of 13.52 and a beta of 1.11. The business has a fifty day moving average of $68.99 and a two-hundred day moving average of $66.75.

Institutional Trading of iShares Morningstar Small-Cap Value ETF

A number of hedge funds have recently modified their holdings of ISCV. Bank of Montreal Can bought a new stake in shares of iShares Morningstar Small-Cap Value ETF during the 2nd quarter worth about $29,000. Flagship Harbor Advisors LLC bought a new position in iShares Morningstar Small-Cap Value ETF in the 4th quarter valued at about $29,000. PNC Financial Services Group Inc. lifted its position in iShares Morningstar Small-Cap Value ETF by 67.6% during the second quarter. PNC Financial Services Group Inc. now owns 870 shares of the company’s stock worth $53,000 after acquiring an additional 351 shares during the last quarter. Chilton Capital Management LLC acquired a new stake in iShares Morningstar Small-Cap Value ETF during the third quarter worth approximately $122,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of iShares Morningstar Small-Cap Value ETF by 8.3% during the second quarter. Smartleaf Asset Management LLC now owns 2,621 shares of the company’s stock worth $161,000 after acquiring an additional 201 shares during the period.

iShares Morningstar Small-Cap Value ETF Company Profile

The iShares Morningstar Small-Cap Value ETF (ISCV) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of US small-cap value stocks. The index selects stocks from 90-99.5% of market cap that fall into Morningstar’s value style categorization. ISCV was launched on Jun 28, 2004 and is managed by BlackRock.