iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Hits New 12-Month High – Here’s What Happened

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $73.83 and last traded at $73.4890, with a volume of 2400 shares trading hands. The stock had previously closed at $72.43.

iShares Morningstar Small-Cap Value ETF Trading Up 1.8%

The stock’s 50-day moving average price is $70.31 and its 200-day moving average price is $67.37. The company has a market cap of $626.71 million, a P/E ratio of 13.52 and a beta of 1.11.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Flagship Harbor Advisors LLC bought a new position in shares of iShares Morningstar Small-Cap Value ETF in the 4th quarter worth $29,000. Bank of Montreal Can bought a new stake in iShares Morningstar Small-Cap Value ETF during the 2nd quarter valued at $29,000. Laurel Wealth Advisors LLC acquired a new position in iShares Morningstar Small-Cap Value ETF during the fourth quarter worth $58,000. PNC Financial Services Group Inc. lifted its stake in shares of iShares Morningstar Small-Cap Value ETF by 67.6% in the second quarter. PNC Financial Services Group Inc. now owns 870 shares of the company’s stock valued at $53,000 after buying an additional 351 shares in the last quarter. Finally, Chilton Capital Management LLC bought a new position in shares of iShares Morningstar Small-Cap Value ETF in the third quarter valued at $122,000.

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.