iShares Morningstar Value ETF (NYSEARCA:ILCV) Sees Strong Trading Volume

Shares of iShares Morningstar Value ETF (NYSEARCA:ILCV) saw an uptick in trading volume on Tuesday . 18,681 shares changed hands during trading, a decline of 27% from the previous session’s volume of 25,422 shares.The stock last traded at $81.17 and had previously closed at $81.00.

iShares Morningstar Value ETF Trading Down 0.1 %

The firm has a 50-day moving average of $79.04 and a two-hundred day moving average of $76.81. The firm has a market capitalization of $983.42 million, a P/E ratio of 18.53 and a beta of 0.76.

Hedge Funds Weigh In On iShares Morningstar Value ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LRI Investments LLC bought a new stake in shares of iShares Morningstar Value ETF in the first quarter worth $130,000. Wedbush Securities Inc. lifted its stake in shares of iShares Morningstar Value ETF by 24.9% in the second quarter. Wedbush Securities Inc. now owns 3,346 shares of the company’s stock worth $255,000 after acquiring an additional 666 shares during the period. Willis Johnson & Associates Inc. bought a new stake in iShares Morningstar Value ETF in the second quarter valued at approximately $290,000. Simplicity Wealth LLC acquired a new stake in iShares Morningstar Value ETF during the 1st quarter valued at approximately $311,000. Finally, B. Riley Wealth Advisors Inc. raised its holdings in iShares Morningstar Value ETF by 8.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 4,841 shares of the company’s stock worth $369,000 after purchasing an additional 386 shares during the last quarter.

About iShares Morningstar Value ETF

The iShares Morningstar Value ETF (ILCV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of value stocks, selected from the top 90% of the US market-cap spectrum. ILCV was launched on Jun 28, 2004 and is managed by BlackRock.