iShares Morningstar Value ETF (NYSEARCA:ILCV) Sets New 1-Year High – Still a Buy?

Shares of iShares Morningstar Value ETF (NYSEARCA:ILCV) hit a new 52-week high on Wednesday . The company traded as high as $102.02 and last traded at $101.68, with a volume of 13551 shares trading hands. The stock had previously closed at $101.54.

iShares Morningstar Value ETF Stock Up 0.1%

The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81. The business’s fifty day moving average is $96.82 and its two-hundred day moving average is $95.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Asempa Wealth Advisors acquired a new position in iShares Morningstar Value ETF during the 4th quarter worth approximately $1,686,000. Tandem Financial LLC acquired a new position in iShares Morningstar Value ETF during the 3rd quarter worth approximately $5,909,000. Global View Capital Management LLC acquired a new position in iShares Morningstar Value ETF during the 4th quarter worth approximately $2,678,000. Key Capital Management INC acquired a new position in iShares Morningstar Value ETF during the 4th quarter worth approximately $673,000. Finally, Pearl Planning LLC acquired a new position in iShares Morningstar Value ETF during the 4th quarter worth approximately $498,000.

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.