Merit Financial Group LLC Lowers Stake in iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB)

Merit Financial Group LLC cut its holdings in iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,895 shares of the company’s stock after selling 2,854 shares during the quarter. Merit Financial Group LLC’s holdings in iShares Morningstar U.S. Equity ETF were worth $4,531,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ILCB. Raymond James Financial Services Advisors Inc. increased its position in shares of iShares Morningstar U.S. Equity ETF by 9.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 30,985 shares of the company’s stock valued at $1,825,000 after buying an additional 2,594 shares in the last quarter. Strategic Investment Advisors MI purchased a new stake in shares of iShares Morningstar U.S. Equity ETF in the third quarter valued at approximately $212,000. M&T Bank Corp purchased a new stake in shares of iShares Morningstar U.S. Equity ETF in the third quarter valued at approximately $268,000. Avantax Advisory Services Inc. increased its position in shares of iShares Morningstar U.S. Equity ETF by 0.8% in the third quarter. Avantax Advisory Services Inc. now owns 152,195 shares of the company’s stock valued at $8,964,000 after buying an additional 1,260 shares in the last quarter. Finally, NewEdge Wealth LLC increased its position in shares of iShares Morningstar U.S. Equity ETF by 114.4% during the third quarter. NewEdge Wealth LLC now owns 8,404 shares of the company’s stock worth $495,000 after purchasing an additional 4,485 shares in the last quarter.

iShares Morningstar U.S. Equity ETF Trading Up 1.4 %

NYSEARCA ILCB traded up $0.98 on Friday, reaching $70.77. 4,270 shares of the company were exchanged, compared to its average volume of 16,142. The business’s fifty day moving average price is $70.86 and its 200 day moving average price is $66.56. The stock has a market capitalization of $874.01 million, a P/E ratio of 24.85 and a beta of 1.01. iShares Morningstar U.S. Equity ETF has a fifty-two week low of $55.47 and a fifty-two week high of $72.60.

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.