iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 1-Year High – Here’s Why

iShares Morningstar Value ETF (NYSEARCA:ILCV) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $95.50 and last traded at $95.38, with a volume of 42784 shares changing hands. The stock had previously closed at $94.16.

iShares Morningstar Value ETF Price Performance

The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 19.33 and a beta of 0.88. The company has a fifty day moving average price of $91.84 and a two-hundred day moving average price of $87.48.

Hedge Funds Weigh In On iShares Morningstar Value ETF

Institutional investors have recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of iShares Morningstar Value ETF in the second quarter valued at $46,000. Silicon Valley Capital Partners acquired a new position in shares of iShares Morningstar Value ETF in the 3rd quarter valued at about $51,000. Caitlin John LLC purchased a new stake in shares of iShares Morningstar Value ETF in the third quarter worth approximately $72,000. Root Financial Partners LLC purchased a new stake in shares of iShares Morningstar Value ETF in the third quarter worth approximately $84,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of iShares Morningstar Value ETF by 92.0% during the third quarter. Jones Financial Companies Lllp now owns 966 shares of the company’s stock worth $87,000 after purchasing an additional 463 shares during the period.

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.