iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Sees Unusually-High Trading Volume – Here’s Why

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) shares saw strong trading volume on Thursday . 298,976 shares were traded during trading, an increase of 518% from the previous session’s volume of 48,344 shares.The stock last traded at $62.56 and had previously closed at $62.60.

iShares Morningstar Small-Cap Growth ETF Stock Up 0.6%

The business’s fifty day simple moving average is $58.79 and its two-hundred day simple moving average is $57.59. The company has a market cap of $985.95 million, a price-to-earnings ratio of 26.03 and a beta of 1.13.

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

Institutional investors have recently modified their holdings of the business. Merkkuri Wealth Advisors LLC acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 1st quarter valued at $49,000. Arax Advisory Partners acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 4th quarter valued at $52,000. Glassy Mountain Advisors Inc. acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 3rd quarter valued at $68,000. Western Wealth Management LLC acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 1st quarter valued at $76,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 4th quarter valued at $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.