iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sets New 12-Month High – Still a Buy?

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) shares hit a new 52-week high on Friday . The stock traded as high as $84.73 and last traded at $84.60, with a volume of 1205 shares trading hands. The stock had previously closed at $84.60.

iShares Morningstar U.S. Equity ETF Price Performance

The stock’s 50 day simple moving average is $82.77 and its 200-day simple moving average is $79.57. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 26.03 and a beta of 1.01.

Institutional Investors Weigh In On iShares Morningstar U.S. Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Trust raised its holdings in iShares Morningstar U.S. Equity ETF by 1.2% during the third quarter. American Trust now owns 15,798 shares of the company’s stock worth $1,252,000 after acquiring an additional 188 shares in the last quarter. Trinity Wealth Management LLC raised its stake in shares of iShares Morningstar U.S. Equity ETF by 1.2% during the 4th quarter. Trinity Wealth Management LLC now owns 16,373 shares of the company’s stock worth $1,329,000 after purchasing an additional 198 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of iShares Morningstar U.S. Equity ETF by 1.5% in the 3rd quarter. MML Investors Services LLC now owns 26,970 shares of the company’s stock valued at $2,137,000 after buying an additional 394 shares during the last quarter. Creative Planning grew its stake in shares of iShares Morningstar U.S. Equity ETF by 5.3% in the second quarter. Creative Planning now owns 7,983 shares of the company’s stock valued at $600,000 after buying an additional 400 shares in the last quarter. Finally, Merit Financial Group LLC increased its holdings in iShares Morningstar U.S. Equity ETF by 0.7% during the fourth quarter. Merit Financial Group LLC now owns 66,113 shares of the company’s stock worth $5,366,000 after buying an additional 440 shares during the last quarter.

About iShares Morningstar U.S. Equity ETF

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.