(JKJ) iShares Morningstar - Ratings and Ratios

The iShares Morningstar Small-Cap ETF (JKJ) is designed to mirror the performance of the Morningstar US Small-Cap Extended Index, which comprises small-cap US stocks exhibiting both growth and value traits as per Morningstars proprietary methodology. By investing at least 90% of its assets in the underlying indexs securities or representative depositary receipts, the fund provides a diversified exposure to the small-cap segment of the US equity market.

The ETFs underlying index is constructed using Morningstars index methodology, which evaluates stocks based on various factors to identify those with both growth and value characteristics. This approach aims to capture the performance of small-cap companies that exhibit a balance between growth potential and valuation attractiveness. As a result, the fund is likely to hold a mix of companies with strong earnings growth, reasonable valuations, and other desirable attributes.

Analyzing the technical data, the current price of $54.72 is above its 20-day and 50-day simple moving averages (SMA20 and SMA50) of $52.47 and $53.52, respectively, indicating a short-term uptrend. However, the price remains below its 200-day simple moving average (SMA200) of $57.73, suggesting that the long-term trend is still bearish. The average true range (ATR) of 1.50, equivalent to 2.75% of the current price, indicates moderate volatility.

Considering the fundamental data, the funds assets under management (AUM) stand at $213.76 million. While this is a relatively modest size, it is sufficient to maintain liquidity and support the funds operations. The ETFs small-cap focus and blend of growth and value characteristics may appeal to investors seeking diversified exposure to this segment of the market.

Forecasting the ETFs performance, we can expect the price to be influenced by the overall trend in the US small-cap market, as well as the funds tracking performance relative to its underlying index. Given the current technical and fundamental data, a potential target price could be around $60, representing a 9.5% increase from the current level. This forecast is based on the assumption that the small-cap market will continue to recover, and the funds tracking performance will remain consistent. However, its essential to monitor the funds performance and adjust the forecast accordingly.