iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Sets New 52-Week High – Still a Buy?

Shares of iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) hit a new 52-week high on Wednesday . The company traded as high as $66.00 and last traded at $65.77, with a volume of 2512 shares changing hands. The stock had previously closed at $65.45.

iShares Morningstar Small-Cap Growth ETF Price Performance

The stock’s 50 day moving average price is $63.50 and its two-hundred day moving average price is $60.36. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 26.03 and a beta of 1.12.

Institutional Investors Weigh In On iShares Morningstar Small-Cap Growth ETF

Several hedge funds and other institutional investors have recently made changes to their positions in ISCG. Jane Street Group LLC grew its stake in shares of iShares Morningstar Small-Cap Growth ETF by 249.2% in the first quarter. Jane Street Group LLC now owns 38,309 shares of the company’s stock worth $1,726,000 after acquiring an additional 27,337 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in iShares Morningstar Small-Cap Growth ETF by 0.4% in the 2nd quarter. Raymond James Financial Inc. now owns 117,644 shares of the company’s stock valued at $5,854,000 after purchasing an additional 430 shares during the period. Monograph Wealth Advisors LLC acquired a new stake in iShares Morningstar Small-Cap Growth ETF in the 2nd quarter worth $205,000. Smartleaf Asset Management LLC increased its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 13.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,704 shares of the company’s stock worth $134,000 after purchasing an additional 331 shares during the period. Finally, Visionary Wealth Advisors lifted its stake in shares of iShares Morningstar Small-Cap Growth ETF by 82.1% in the second quarter. Visionary Wealth Advisors now owns 9,877 shares of the company’s stock valued at $491,000 after buying an additional 4,453 shares during the period.

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.