iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Hits New 12-Month High – Here’s Why

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $96.54 and last traded at $96.3060, with a volume of 1737 shares changing hands. The stock had previously closed at $96.25.

iShares Morningstar U.S. Equity ETF Trading Down 0.0%

The company has a fifty day moving average price of $94.64 and a two-hundred day moving average price of $92.16. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 26.16 and a beta of 1.01.

Hedge Funds Weigh In On iShares Morningstar U.S. Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC bought a new stake in iShares Morningstar U.S. Equity ETF in the fourth quarter valued at about $30,000. Olistico Wealth LLC acquired a new stake in iShares Morningstar U.S. Equity ETF during the fourth quarter valued at approximately $45,000. Cornerstone Planning Group LLC bought a new stake in shares of iShares Morningstar U.S. Equity ETF in the 3rd quarter valued at approximately $57,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares Morningstar U.S. Equity ETF in the 4th quarter worth approximately $57,000. Finally, Mather Group LLC. acquired a new position in shares of iShares Morningstar U.S. Equity ETF in the 3rd quarter worth approximately $92,000.

About iShares Morningstar U.S. Equity ETF

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.