iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Sees Strong Trading Volume – Here’s Why

Shares of iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) saw an uptick in trading volume on Wednesday . 82,560 shares traded hands during mid-day trading, an increase of 136% from the previous session’s volume of 34,967 shares.The stock last traded at $49.76 and had previously closed at $49.97.

iShares Morningstar Small-Cap Growth ETF Stock Down 1.8 %

The firm has a fifty day moving average of $51.61 and a 200-day moving average of $48.92. The firm has a market cap of $595.11 million, a P/E ratio of 21.98 and a beta of 1.23.

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

Several hedge funds have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC raised its stake in iShares Morningstar Small-Cap Growth ETF by 2.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,600 shares of the company’s stock worth $715,000 after buying an additional 309 shares during the period. Key Financial Inc raised its position in shares of iShares Morningstar Small-Cap Growth ETF by 4.3% during the third quarter. Key Financial Inc now owns 13,403 shares of the company’s stock worth $656,000 after purchasing an additional 549 shares during the period. Opes Wealth Management LLC lifted its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 0.8% during the 3rd quarter. Opes Wealth Management LLC now owns 104,440 shares of the company’s stock valued at $5,113,000 after purchasing an additional 833 shares in the last quarter. Beam Wealth Advisors Inc. grew its position in shares of iShares Morningstar Small-Cap Growth ETF by 3.1% in the 3rd quarter. Beam Wealth Advisors Inc. now owns 29,194 shares of the company’s stock valued at $1,429,000 after purchasing an additional 888 shares during the period. Finally, CreativeOne Wealth LLC grew its position in shares of iShares Morningstar Small-Cap Growth ETF by 7.5% in the 3rd quarter. CreativeOne Wealth LLC now owns 13,142 shares of the company’s stock valued at $643,000 after purchasing an additional 915 shares during the period.

iShares Morningstar Small-Cap Growth ETF Company Profile

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.