Avantax Advisory Services Inc. Increases Stock Position in iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG)

Avantax Advisory Services Inc. increased its position in shares of iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 394,518 shares of the company’s stock after buying an additional 16,204 shares during the quarter. Avantax Advisory Services Inc.’s holdings in iShares Morningstar Small-Cap Growth ETF were worth $19,513,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in shares of iShares Morningstar Small-Cap Growth ETF by 0.8% in the fourth quarter. HighTower Advisors LLC now owns 44,442 shares of the company’s stock worth $2,198,000 after buying an additional 335 shares in the last quarter. Beam Wealth Advisors Inc. lifted its stake in shares of iShares Morningstar Small-Cap Growth ETF by 2.7% in the fourth quarter. Beam Wealth Advisors Inc. now owns 29,978 shares of the company’s stock worth $1,483,000 after buying an additional 784 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF in the fourth quarter worth about $5,735,000. Synergy Investment Management LLC purchased a new position in shares of iShares Morningstar Small-Cap Growth ETF in the fourth quarter worth about $70,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of iShares Morningstar Small-Cap Growth ETF by 34.3% in the fourth quarter. Jones Financial Companies Lllp now owns 4,072 shares of the company’s stock worth $201,000 after buying an additional 1,040 shares in the last quarter.

iShares Morningstar Small-Cap Growth ETF Trading Up 0.2 %

NYSEARCA:ISCG opened at $45.34 on Thursday. The company’s 50-day moving average price is $49.87 and its 200-day moving average price is $49.98. The company has a market cap of $593.95 million, a P/E ratio of 23.86 and a beta of 1.13. iShares Morningstar Small-Cap Growth ETF has a twelve month low of $42.50 and a twelve month high of $54.34.

iShares Morningstar Small-Cap Growth ETF 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.