iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 52-Week High – Here’s Why

iShares Morningstar Value ETF (NYSEARCA:ILCV)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $105.07 and last traded at $105.01, with a volume of 2059 shares traded. The stock had previously closed at $104.07.

iShares Morningstar Value ETF Price Performance

The stock’s fifty day simple moving average is $102.26 and its 200-day simple moving average is $98.54. The firm has a market cap of $1.31 billion, a PE ratio of 19.33 and a beta of 0.81.

Hedge Funds Weigh In On iShares Morningstar Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ILCV. Key Capital Management INC purchased a new stake in iShares Morningstar Value ETF during the 4th quarter valued at about $673,000. Strategic Blueprint LLC raised its stake in shares of iShares Morningstar Value ETF by 23.8% in the fourth quarter. Strategic Blueprint LLC now owns 33,650 shares of the company’s stock worth $3,175,000 after purchasing an additional 6,474 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of iShares Morningstar Value ETF by 5.3% during the fourth quarter. Corient Private Wealth LLC now owns 116,906 shares of the company’s stock worth $11,031,000 after purchasing an additional 5,921 shares during the period. Northwest Wealth Advisors LLC lifted its holdings in shares of iShares Morningstar Value ETF by 18.3% during the first quarter. Northwest Wealth Advisors LLC now owns 154,510 shares of the company’s stock worth $14,391,000 after purchasing an additional 23,950 shares during the period. Finally, Cetera Investment Advisers boosted its position in iShares Morningstar Value ETF by 7.2% in the first quarter. Cetera Investment Advisers now owns 197,023 shares of the company’s stock valued at $18,351,000 after buying an additional 13,191 shares during 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.