iShares Morningstar Value ETF (NYSEARCA:ILCV) Reaches New 1-Year High – What’s Next?

iShares Morningstar Value ETF (NYSEARCA:ILCV) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $82.28 and last traded at $82.28, with a volume of 5825 shares changing hands. The stock had previously closed at $81.69.

iShares Morningstar Value ETF Price Performance

The firm has a market capitalization of $998.12 million, a price-to-earnings ratio of 18.53 and a beta of 0.76. The business’s 50-day moving average price is $80.01 and its 200 day moving average price is $77.51.

Institutional Investors Weigh In On iShares Morningstar Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in shares of iShares Morningstar Value ETF during the first quarter valued at about $130,000. Madison Wealth Partners Inc grew its stake in iShares Morningstar Value ETF by 1.1% during the 4th quarter. Madison Wealth Partners Inc now owns 37,323 shares of the company’s stock valued at $2,636,000 after purchasing an additional 403 shares in the last quarter. CWM LLC increased its holdings in iShares Morningstar Value ETF by 4.3% during the 2nd quarter. CWM LLC now owns 11,760 shares of the company’s stock worth $898,000 after purchasing an additional 490 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in iShares Morningstar Value ETF by 2.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 134,541 shares of the company’s stock worth $10,269,000 after purchasing an additional 3,110 shares during the last quarter. Finally, Wedbush Securities Inc. raised its position in shares of iShares Morningstar Value ETF by 24.9% in the 2nd quarter. Wedbush Securities Inc. now owns 3,346 shares of the company’s stock valued at $255,000 after purchasing an additional 666 shares in the last quarter.

iShares Morningstar Value ETF Company Profile

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.