Ipsen Advisor Group LLC Purchases New Shares in iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG)

Ipsen Advisor Group LLC acquired a new position in shares of iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 107,024 shares of the company’s stock, valued at approximately $5,293,000. iShares Morningstar Small-Cap Growth ETF comprises about 4.5% of Ipsen Advisor Group LLC’s portfolio, making the stock its 6th biggest position. Ipsen Advisor Group LLC owned approximately 0.88% of iShares Morningstar Small-Cap Growth ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of iShares Morningstar Small-Cap Growth ETF by 162.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,084,465 shares of the company’s stock valued at $53,095,000 after buying an additional 671,641 shares during the period. Avantax Advisory Services Inc. increased its position in iShares Morningstar Small-Cap Growth ETF by 4.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 394,518 shares of the company’s stock worth $19,513,000 after purchasing an additional 16,204 shares during the period. LPL Financial LLC raised its holdings in iShares Morningstar Small-Cap Growth ETF by 9.6% during the 4th quarter. LPL Financial LLC now owns 388,941 shares of the company’s stock worth $19,237,000 after purchasing an additional 34,191 shares during the last quarter. Black Diamond Financial LLC lifted its position in iShares Morningstar Small-Cap Growth ETF by 5.5% during the 4th quarter. Black Diamond Financial LLC now owns 150,248 shares of the company’s stock valued at $7,431,000 after purchasing an additional 7,784 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in iShares Morningstar Small-Cap Growth ETF during the 4th quarter valued at about $5,735,000.

iShares Morningstar Small-Cap Growth ETF Price Performance

Shares of NYSEARCA:ISCG opened at $46.87 on Wednesday. The stock has a market cap of $679.62 million, a price-to-earnings ratio of 23.52 and a beta of 1.13. The company has a 50 day moving average of $49.21 and a 200-day moving average of $49.91. iShares Morningstar Small-Cap Growth ETF has a one year low of $42.50 and a one year 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.