iShares Morningstar Value ETF (NYSEARCA:ILCV) Sees Unusually-High Trading Volume – Here’s Why

iShares Morningstar Value ETF (NYSEARCA:ILCV) shares saw an uptick in trading volume on Monday . 52,108 shares traded hands during mid-day trading, a decline of 1% from the previous session’s volume of 52,726 shares.The stock last traded at $93.10 and had previously closed at $92.83.

iShares Morningstar Value ETF Price Performance

The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 19.33 and a beta of 0.88. The firm has a fifty day moving average of $96.30 and a 200 day moving average of $93.58.

Institutional Investors Weigh In On iShares Morningstar Value ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in iShares Morningstar Value ETF in the 1st quarter valued at about $605,000. Jones Financial Companies Lllp lifted its holdings in iShares Morningstar Value ETF by 578.4% in the first quarter. Jones Financial Companies Lllp now owns 3,392 shares of the company’s stock valued at $276,000 after acquiring an additional 2,892 shares during the last quarter. Goldman Sachs Group Inc. grew its position in iShares Morningstar Value ETF by 509.3% in the first quarter. Goldman Sachs Group Inc. now owns 21,520 shares of the company’s stock worth $1,753,000 after acquiring an additional 17,988 shares during the period. Creative Planning increased its stake in iShares Morningstar Value ETF by 9.7% during the second quarter. Creative Planning now owns 5,105 shares of the company’s stock worth $426,000 after acquiring an additional 453 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in iShares Morningstar Value ETF by 8.1% in the second quarter. Cetera Investment Advisers now owns 59,733 shares of the company’s stock valued at $4,981,000 after purchasing an additional 4,478 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.