iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Reaches New 12-Month High – Still a Buy?

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV)’s share price reached a new 52-week high on Wednesday . The company traded as high as $72.05 and last traded at $71.60, with a volume of 2156 shares traded. The stock had previously closed at $71.52.

iShares Morningstar Small-Cap Value ETF Stock Down 0.3%

The stock has a fifty day moving average price of $68.67 and a 200-day moving average price of $66.52. The firm has a market cap of $615.06 million, a price-to-earnings ratio of 13.52 and a beta of 1.11.

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

A number of large investors have recently bought and sold shares of ISCV. Bank of Montreal Can purchased a new stake in shares of iShares Morningstar Small-Cap Value ETF in the second quarter valued at about $29,000. PNC Financial Services Group Inc. lifted its position in 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 purchasing an additional 351 shares during the period. Chilton Capital Management LLC purchased a new stake in iShares Morningstar Small-Cap Value ETF in the 3rd quarter valued at approximately $122,000. Smartleaf Asset Management LLC increased its position in iShares Morningstar Small-Cap Value ETF by 8.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,621 shares of the company’s stock worth $161,000 after purchasing an additional 201 shares during the period. Finally, Greykasell Wealth Strategies Inc. acquired a new position in iShares Morningstar Small-Cap Value ETF during the 3rd quarter worth approximately $168,000.

About iShares Morningstar Small-Cap Value ETF

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.