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

iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCVGet Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $79.08 and last traded at $78.78, with a volume of 14709 shares. The stock had previously closed at $78.79.

iShares Morningstar Small-Cap Value ETF Stock Performance

The stock’s 50-day simple moving average is $75.68 and its 200 day simple moving average is $72.96. The company has a market capitalization of $673.64 million, a PE ratio of 13.52 and a beta of 0.99.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in iShares Morningstar Small-Cap Value ETF in the fourth quarter valued at $29,000. Bessemer Group Inc. acquired a new position in shares of iShares Morningstar Small-Cap Value ETF during the 1st quarter worth about $48,000. Laurel Wealth Advisors LLC purchased a new position in shares of iShares Morningstar Small-Cap Value ETF in the 4th quarter valued at about $58,000. Rockefeller Capital Management L.P. increased its holdings in shares of iShares Morningstar Small-Cap Value ETF by 16.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,073 shares of the company’s stock valued at $74,000 after acquiring an additional 150 shares during the last quarter. Finally, Basepoint Wealth LLC purchased a new position in shares of iShares Morningstar Small-Cap Value ETF in the 4th quarter valued at about $121,000.

About iShares Morningstar Small-Cap Value ETF

(Get Free Report)

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.

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