iShares Morningstar Value ETF (NYSEARCA:ILCV) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares Morningstar Value ETF (NYSEARCA:ILCV) saw unusually-strong trading volume on Tuesday . Approximately 68,459 shares traded hands during mid-day trading, an increase of 19% from the previous session’s volume of 57,527 shares.The stock last traded at $96.6790 and had previously closed at $97.11.

iShares Morningstar Value ETF Price Performance

The company has a 50-day moving average price of $95.97 and a 200 day moving average price of $92.07. The firm has a market capitalization of $1.19 billion, a PE ratio of 19.33 and a beta of 0.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Equitable Holdings Inc. lifted its holdings in shares of iShares Morningstar Value ETF by 2.9% in the second quarter. Equitable Holdings Inc. now owns 904,531 shares of the company’s stock worth $75,429,000 after buying an additional 25,171 shares in the last quarter. Bank of America Corp DE lifted its stake in iShares Morningstar Value ETF by 1.7% in the 3rd quarter. Bank of America Corp DE now owns 825,721 shares of the company’s stock worth $74,331,000 after purchasing an additional 13,548 shares in the last quarter. Steele Capital Management Inc. lifted its stake in iShares Morningstar Value ETF by 1.0% in the 4th quarter. Steele Capital Management Inc. now owns 670,081 shares of the company’s stock worth $63,229,000 after purchasing an additional 6,822 shares in the last quarter. Matrix Trust Co boosted its holdings in shares of iShares Morningstar Value ETF by 0.8% during the 4th quarter. Matrix Trust Co now owns 666,393 shares of the company’s stock valued at $62,881,000 after purchasing an additional 5,283 shares during the last quarter. Finally, UBS Group AG grew its position in shares of iShares Morningstar Value ETF by 7.9% during the third quarter. UBS Group AG now owns 536,027 shares of the company’s stock valued at $48,253,000 after purchasing an additional 39,138 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.