Merit Financial Group LLC Sells 2,287 Shares of iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV)

Merit Financial Group LLC reduced its position in shares of iShares Morningstar Small-Cap Value ETF (NYSEARCA:ISCV) by 20.0% in the first quarter, Holdings Channel reports. The firm owned 9,165 shares of the company’s stock after selling 2,287 shares during the quarter. Merit Financial Group LLC’s holdings in iShares Morningstar Small-Cap Value ETF were worth $544,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of iShares Morningstar Small-Cap Value ETF during the 4th quarter valued at about $9,461,000. Focus Partners Wealth purchased a new stake in shares of iShares Morningstar Small-Cap Value ETF during the 4th quarter valued at about $3,690,000. Ipsen Advisor Group LLC purchased a new stake in shares of iShares Morningstar Small-Cap Value ETF during the 4th quarter valued at about $3,428,000. LPL Financial LLC boosted its holdings in shares of iShares Morningstar Small-Cap Value ETF by 57.9% during the 4th quarter. LPL Financial LLC now owns 133,240 shares of the company’s stock valued at $8,449,000 after acquiring an additional 48,877 shares during the last quarter. Finally, Blackhawk Capital Partners LLC. purchased a new stake in shares of iShares Morningstar Small-Cap Value ETF during the 4th quarter valued at about $509,000.

iShares Morningstar Small-Cap Value ETF Trading Up 0.7%

ISCV opened at $60.80 on Tuesday. The company has a market cap of $446.88 million, a price-to-earnings ratio of 13.68 and a beta of 1.11. The company’s 50 day moving average is $57.35 and its 200 day moving average is $61.59. iShares Morningstar Small-Cap Value ETF has a 12-month low of $50.53 and a 12-month high of $70.13.

iShares Morningstar Small-Cap Value ETF Profile

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.