iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Reaches New 1-Year High – Still a Buy?

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $60.41 and last traded at $60.41, with a volume of 1323 shares traded. The stock had previously closed at $59.50.

iShares Morningstar Small-Cap Growth ETF Stock Up 2.2%

The firm has a market cap of $942.25 million, a price-to-earnings ratio of 26.03 and a beta of 1.13. The company has a 50 day moving average of $57.18 and a 200 day moving average of $56.51.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of iShares Morningstar Small-Cap Growth ETF by 3.5% in the fourth quarter. JPMorgan Chase & Co. now owns 851,509 shares of the company’s stock worth $47,225,000 after buying an additional 28,437 shares during the last quarter. LPL Financial LLC grew its holdings in iShares Morningstar Small-Cap Growth ETF by 31.4% during the 4th quarter. LPL Financial LLC now owns 676,850 shares of the company’s stock worth $37,538,000 after acquiring an additional 161,609 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of iShares Morningstar Small-Cap Growth ETF by 810.2% in the 4th quarter. Osaic Holdings Inc. now owns 616,773 shares of the company’s stock worth $34,209,000 after purchasing an additional 549,014 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Morningstar Small-Cap Growth ETF by 5.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,552 shares of the company’s stock worth $28,814,000 after purchasing an additional 28,968 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of iShares Morningstar Small-Cap Growth ETF by 1.8% in the 4th quarter. Cetera Investment Advisers now owns 404,010 shares of the company’s stock valued at $22,406,000 after purchasing an additional 7,047 shares in the last quarter.

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.