iShares Morningstar Value ETF (NYSEARCA:ILCV) Reaches New 1-Year High – Time to Buy?

Shares of iShares Morningstar Value ETF (NYSEARCA:ILCVGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $100.00 and last traded at $99.97, with a volume of 34286 shares. The stock had previously closed at $99.38.

iShares Morningstar Value ETF Stock Performance

The business’s 50 day simple moving average is $95.57 and its 200-day simple moving average is $94.86. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81.

Institutional Trading of iShares Morningstar Value ETF

A number of institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new position in iShares Morningstar Value ETF in the first quarter valued at about $605,000. Jones Financial Companies Lllp raised its stake in shares of iShares Morningstar Value ETF by 578.4% during the 1st quarter. Jones Financial Companies Lllp now owns 3,392 shares of the company’s stock worth $276,000 after purchasing an additional 2,892 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of iShares Morningstar Value ETF by 509.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,520 shares of the company’s stock valued at $1,753,000 after buying an additional 17,988 shares during the last quarter. Creative Planning grew its stake in shares of iShares Morningstar Value ETF by 9.7% in the 2nd quarter. Creative Planning now owns 5,105 shares of the company’s stock valued at $426,000 after buying an additional 453 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of iShares Morningstar Value ETF by 2.0% in the 2nd quarter. Raymond James Financial Inc. now owns 410,991 shares of the company’s stock valued at $34,273,000 after buying an additional 7,955 shares in the last quarter.

About iShares Morningstar Value ETF

(Get Free Report)

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.

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