iShares Morningstar Value ETF (NYSEARCA:ILCV) Reaches New 12-Month High – What’s Next?

iShares Morningstar Value ETF (NYSEARCA:ILCVGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $109.25 and last traded at $109.1890, with a volume of 1934 shares traded. The stock had previously closed at $108.36.

iShares Morningstar Value ETF Stock Performance

The company’s 50-day moving average price is $105.43 and its 200 day moving average price is $100.48. The stock has a market capitalization of $1.37 billion, a P/E ratio of 19.33 and a beta of 0.80.

Institutional Investors Weigh In On iShares Morningstar Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of ILCV. AlphaCore Capital LLC bought a new position in shares of iShares Morningstar Value ETF in the fourth quarter worth about $22,644,000. Northwestern Mutual Wealth Management Co. raised its stake in iShares Morningstar Value ETF by 117.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 251,329 shares of the company’s stock valued at $23,715,000 after purchasing an additional 135,785 shares during the period. Northwest Wealth Advisors LLC purchased a new position in iShares Morningstar Value ETF in the 4th quarter worth approximately $12,320,000. Systelligence LLC purchased a new position in iShares Morningstar Value ETF in the 1st quarter worth approximately $11,380,000. Finally, Ameriprise Financial Inc. boosted its stake in iShares Morningstar Value ETF by 359.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 121,231 shares of the company’s stock worth $10,913,000 after purchasing an additional 94,862 shares during the period.

iShares Morningstar Value ETF Company Profile

(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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