iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Reaches New 52-Week High – Here’s Why

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $49.73 and last traded at $49.70, with a volume of 4531 shares. The stock had previously closed at $49.48.

iShares Morningstar Small-Cap Growth ETF Price Performance

The business’s 50 day moving average is $47.42 and its 200-day moving average is $46.19. The company has a market cap of $604.22 million, a PE ratio of 21.98 and a beta of 1.23.

Institutional Trading of iShares Morningstar Small-Cap Growth ETF

Several institutional investors have recently modified their holdings of the stock. Concord Wealth Partners acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 1st quarter valued at $65,000. Archer Investment Corp increased its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 38.8% in the 2nd quarter. Archer Investment Corp now owns 1,516 shares of the company’s stock valued at $69,000 after acquiring an additional 424 shares during the period. Gilliland Jeter Wealth Management LLC acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 2nd quarter valued at $83,000. Tortoise Investment Management LLC acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 2nd quarter valued at $133,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 2nd quarter valued at $143,000.

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.