iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 1-Year High – Should You Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCV)’s stock price hit a new 52-week high on Thursday. The company traded as high as $109.95 and last traded at $109.7240, with a volume of 4,691 shares. The stock had previously closed at $109.52.

iShares Morningstar Value ETF Stock Performance

The firm has a market capitalization of $1.37 billion, a P/E ratio of 19.33 and a beta of 0.81. The stock has a 50 day moving average of $107.81 and a 200-day moving average of $101.46.

Institutional Investors Weigh In On iShares Morningstar Value ETF

A number of hedge funds have recently made changes to their positions in the business. Matrix Trust Co bought a new stake in iShares Morningstar Value ETF in the third quarter valued at approximately $70,744,000. Royal Bank of Canada boosted its holdings in iShares Morningstar Value ETF by 1.3% in the first quarter. Royal Bank of Canada now owns 217,765 shares of the company’s stock valued at $20,282,000 after acquiring an additional 2,706 shares in the last quarter. Cetera Investment Advisers boosted its holdings 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 acquiring an additional 13,191 shares in the last quarter. Northwest Wealth Advisors LLC increased its position in iShares Morningstar Value ETF by 18.3% during the 1st quarter. Northwest Wealth Advisors LLC now owns 154,510 shares of the company’s stock valued at $14,391,000 after purchasing an additional 23,950 shares during the period. Finally, Barrett & Company Inc. bought a new position in iShares Morningstar Value ETF in the 3rd quarter worth $9,915,000.

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.