iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Sees Unusually-High Trading Volume – What’s Next?

Shares of iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) saw strong trading volume on Wednesday . 82,560 shares changed 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 Price Performance

The stock’s 50 day simple moving average is $51.58 and its two-hundred day simple moving average is $48.88. The company has a market capitalization of $605.92 million, a P/E ratio of 21.98 and a beta of 1.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ISCG. Prospera Financial Services Inc acquired a new position in iShares Morningstar Small-Cap Growth ETF in the third quarter valued at about $211,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF in the 3rd quarter valued at approximately $213,000. B. Riley Wealth Advisors Inc. bought a new stake in iShares Morningstar Small-Cap Growth ETF during the 3rd quarter worth approximately $213,000. FMR LLC raised its holdings in iShares Morningstar Small-Cap Growth ETF by 30.4% during the 3rd quarter. FMR LLC now owns 5,868 shares of the company’s stock worth $287,000 after buying an additional 1,369 shares during the period. Finally, Gilliland Jeter Wealth Management LLC lifted its stake in iShares Morningstar Small-Cap Growth ETF by 408.5% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 9,260 shares of the company’s stock valued at $453,000 after buying an additional 7,439 shares in the last quarter.

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.