Independent Financial Group LLC purchased a new stake in shares of iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB – Free Report) during the first quarter, Holdings Channel.com reports. The firm purchased 34,767 shares of the company’s stock, valued at approximately $3,124,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of iShares Morningstar U.S. Equity ETF by 11.5% during the first quarter. Royal Bank of Canada now owns 47,673 shares of the company’s stock valued at $3,683,000 after buying an additional 4,906 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in iShares Morningstar U.S. Equity ETF in the 1st quarter worth $214,000. Goldman Sachs Group Inc. purchased a new position in iShares Morningstar U.S. Equity ETF in the 1st quarter worth $3,563,000. Jane Street Group LLC raised its stake in iShares Morningstar U.S. Equity ETF by 76.8% in the 1st quarter. Jane Street Group LLC now owns 6,659 shares of the company’s stock worth $514,000 after acquiring an additional 2,893 shares during the last quarter. Finally, Focus Partners Wealth acquired a new stake in iShares Morningstar U.S. Equity ETF during the 1st quarter worth about $273,000.
iShares Morningstar U.S. Equity ETF Stock Performance
iShares Morningstar U.S. Equity ETF stock opened at $102.95 on Friday. The business’s 50-day simple moving average is $103.25 and its two-hundred day simple moving average is $97.70. The company has a market cap of $1.27 billion, a PE ratio of 26.16 and a beta of 1.01. iShares Morningstar U.S. Equity ETF has a fifty-two week low of $86.00 and a fifty-two week high of $105.39.
iShares Morningstar U.S. Equity ETF Company Profile
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.
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