iShares Morningstar Value ETF (NYSEARCA:ILCV) Sets New 12-Month High – Should You Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCV) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $95.95 and last traded at $95.9960, with a volume of 20560 shares trading hands. The stock had previously closed at $95.38.

iShares Morningstar Value ETF Trading Up 0.6%

The business has a fifty day simple moving average of $93.56 and a 200 day simple moving average of $89.30. The stock has a market capitalization of $1.19 billion, a P/E ratio of 19.33 and a beta of 0.88.

Institutional Trading of iShares Morningstar Value ETF

Institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its stake in iShares Morningstar Value ETF by 359.7% in the third quarter. Ameriprise Financial Inc. now owns 121,231 shares of the company’s stock valued at $10,913,000 after acquiring an additional 94,862 shares during the last quarter. Tandem Financial LLC bought a new position in iShares Morningstar Value ETF in the third quarter worth $5,909,000. JPMorgan Chase & Co. boosted its position in shares of iShares Morningstar Value ETF by 22.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 280,679 shares of the company’s stock worth $23,406,000 after purchasing an additional 51,901 shares in the last quarter. UBS Group AG grew its stake in shares of iShares Morningstar Value ETF by 7.9% in the third quarter. UBS Group AG now owns 536,027 shares of the company’s stock worth $48,253,000 after acquiring an additional 39,138 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of iShares Morningstar Value ETF in the third quarter worth approximately $2,568,000.

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.