iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Sees Large Volume Increase – Here’s What Happened

Shares of iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) saw unusually-strong trading volume on Tuesday . Approximately 340,236 shares changed hands during mid-day trading, an increase of 476% from the previous session’s volume of 59,095 shares.The stock last traded at $52.7150 and had previously closed at $52.45.

iShares Morningstar Small-Cap Growth ETF Trading Up 0.5%

The stock has a market capitalization of $738.23 million, a PE ratio of 26.03 and a beta of 1.10. The business’s 50 day moving average is $54.72 and its 200 day moving average is $51.53.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Opulen Financial Group LLC purchased a new position in iShares Morningstar Small-Cap Growth ETF during the 3rd quarter valued at $218,000. Kestra Private Wealth Services LLC purchased a new stake in shares of iShares Morningstar Small-Cap Growth ETF during the third quarter valued at $209,000. NewEdge Advisors LLC grew its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 44.0% in the third quarter. NewEdge Advisors LLC now owns 22,435 shares of the company’s stock worth $1,218,000 after purchasing an additional 6,852 shares during the last quarter. Synergy Financial Group LTD increased its stake in iShares Morningstar Small-Cap Growth ETF by 5.1% in the 3rd quarter. Synergy Financial Group LTD now owns 7,556 shares of the company’s stock worth $410,000 after buying an additional 364 shares during the period. Finally, Susquehanna International Group LLP boosted its position in iShares Morningstar Small-Cap Growth ETF by 3.2% in the 3rd quarter. Susquehanna International Group LLP now owns 12,973 shares of the company’s stock valued at $705,000 after buying an additional 405 shares during the period.

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.