iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) saw an uptick in trading volume on Friday . 36,656 shares traded hands during mid-day trading, an increase of 96% from the previous session’s volume of 18,664 shares.The stock last traded at $71.9040 and had previously closed at $71.29.

iShares Morningstar Small-Cap Value ETF Trading Up 0.6%

The stock’s 50-day simple moving average is $68.08 and its 200-day simple moving average is $66.14. The stock has a market cap of $609.66 million, a price-to-earnings ratio of 13.52 and a beta of 1.11.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its stake in iShares Morningstar Small-Cap Value ETF by 12.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,293 shares of the company’s stock valued at $729,000 after purchasing an additional 1,107 shares in the last quarter. Advisory Services Network LLC increased its holdings in iShares Morningstar Small-Cap Value ETF by 13.5% in the 3rd quarter. Advisory Services Network LLC now owns 52,124 shares of the company’s stock valued at $3,473,000 after buying an additional 6,214 shares during the period. NewEdge Advisors LLC acquired a new position in shares of iShares Morningstar Small-Cap Value ETF in the 3rd quarter valued at approximately $244,000. Focus Partners Wealth lifted its holdings in shares of iShares Morningstar Small-Cap Value ETF by 4.5% during the 3rd quarter. Focus Partners Wealth now owns 413,434 shares of the company’s stock worth $27,524,000 after acquiring an additional 17,642 shares during the period. Finally, Equitable Holdings Inc. acquired a new stake in shares of iShares Morningstar Small-Cap Value ETF during the 3rd quarter worth approximately $1,069,000.

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.