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

iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) saw unusually-high trading volume on Thursday . Approximately 298,976 shares traded hands during mid-day trading, an increase of 518% from the previous session’s volume of 48,344 shares.The stock last traded at $62.56 and had previously closed at $62.60.

iShares Morningstar Small-Cap Growth ETF Stock Performance

The company has a market capitalization of $985.95 million, a PE ratio of 26.03 and a beta of 1.13. The stock’s fifty day simple moving average is $58.79 and its 200-day simple moving average is $57.59.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ISCG. Osaic Holdings Inc. lifted its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 810.2% during the 4th quarter. Osaic Holdings Inc. now owns 616,773 shares of the company’s stock worth $34,209,000 after acquiring an additional 549,014 shares during the period. Systelligence LLC purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF during the 1st quarter worth about $14,275,000. LPL Financial LLC lifted its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 31.4% during the 4th quarter. LPL Financial LLC now owns 676,850 shares of the company’s stock worth $37,538,000 after acquiring an additional 161,609 shares during the period. McKinley Carter Wealth Services Inc. purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF during the 3rd quarter worth about $6,816,000. Finally, MRA Advisory Group purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF during the 1st quarter worth about $6,014,000.

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. ISCG was launched on Jun 28, 2004 and is managed by BlackRock.