iShares Morningstar Value ETF (NYSEARCA:ILCV) Sees Large Volume Increase – Should You Buy?

Shares of iShares Morningstar Value ETF (NYSEARCA:ILCV) saw strong trading volume on Tuesday . 68,459 shares traded hands during trading, an increase of 19% from the previous session’s volume of 57,527 shares.The stock last traded at $96.6790 and had previously closed at $97.11.

iShares Morningstar Value ETF Stock Down 0.1%

The stock has a market capitalization of $1.19 billion, a P/E ratio of 19.33 and a beta of 0.88. The business’s 50 day simple moving average is $95.87 and its two-hundred day simple moving average is $91.93.

Institutional Trading of iShares Morningstar Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of iShares Morningstar Value ETF in the first quarter worth approximately $605,000. Jones Financial Companies Lllp raised its position in iShares Morningstar Value ETF by 578.4% in the 1st quarter. Jones Financial Companies Lllp now owns 3,392 shares of the company’s stock valued at $276,000 after buying an additional 2,892 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in iShares Morningstar Value ETF by 509.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,520 shares of the company’s stock valued at $1,753,000 after acquiring an additional 17,988 shares in the last quarter. CWM LLC lifted its stake in iShares Morningstar Value ETF by 0.7% during the 2nd quarter. CWM LLC now owns 23,383 shares of the company’s stock valued at $1,950,000 after acquiring an additional 170 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in iShares Morningstar Value ETF by 184.2% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 7,910 shares of the company’s stock worth $660,000 after acquiring an additional 5,127 shares during the last quarter.

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.