Brightwater Advisory LLC Makes New Investment in iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB)

Brightwater Advisory LLC purchased a new stake in iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,634 shares of the company’s stock, valued at approximately $574,000. Brightwater Advisory LLC owned 0.06% of iShares Morningstar U.S. Equity ETF at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of iShares Morningstar U.S. Equity ETF by 94.5% during the 4th quarter. Wells Fargo & Company MN now owns 112,296 shares of the company’s stock worth $7,385,000 after purchasing an additional 54,575 shares during the last quarter. UBS Group AG increased its position in shares of iShares Morningstar U.S. Equity ETF by 0.8% during the fourth quarter. UBS Group AG now owns 99,712 shares of the company’s stock valued at $6,557,000 after acquiring an additional 787 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of iShares Morningstar U.S. Equity ETF by 43.7% in the 1st quarter. Cetera Investment Advisers now owns 52,003 shares of the company’s stock valued at $3,769,000 after acquiring an additional 15,804 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of iShares Morningstar U.S. Equity ETF by 3.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 40,302 shares of the company’s stock worth $3,030,000 after acquiring an additional 1,237 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of iShares Morningstar U.S. Equity ETF by 2.5% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 28,007 shares of the company’s stock worth $2,105,000 after acquiring an additional 685 shares during the last quarter.

iShares Morningstar U.S. Equity ETF Stock Performance

iShares Morningstar U.S. Equity ETF stock opened at $78.58 on Wednesday. The company has a market capitalization of $966.53 million, a PE ratio of 26.03 and a beta of 1.01. iShares Morningstar U.S. Equity ETF has a fifty-two week low of $56.38 and a fifty-two week high of $79.40. The firm has a 50 day moving average price of $76.34 and a 200 day moving average price of $74.26.

iShares Morningstar U.S. Equity ETF Profile

The iShares Morningstar U.S. Equity ETF (ILCB) is an exchange-traded fund that is based on the Morningstar US Large-Mid Cap index. The fund tracks a market cap-weighted index consists of both growth and value stocks, selected from the top 90% of the US market-cap spectrum. ILCB was launched on Jun 28, 2004 and is managed by BlackRock.