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

iShares Morningstar Value ETF (NYSEARCA:ILCV) shares reached a new 52-week high on Tuesday . The company traded as high as $105.07 and last traded at $105.01, with a volume of 2059 shares trading hands. The stock had previously closed at $104.07.

iShares Morningstar Value ETF Stock Up 1.0%

The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81. The business has a 50-day simple moving average of $102.08 and a two-hundred day simple moving average of $98.41.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Matrix Trust Co boosted its holdings in shares of iShares Morningstar Value ETF by 0.7% during the second quarter. Matrix Trust Co now owns 670,985 shares of the company’s stock worth $67,930,000 after purchasing an additional 4,585 shares during the period. Security Financial Services INC. lifted its holdings in shares of iShares Morningstar Value ETF by 87.8% during the first quarter. Security Financial Services INC. now owns 5,607 shares of the company’s stock worth $522,000 after buying an additional 2,621 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of iShares Morningstar Value ETF during the first quarter valued at about $2,630,000. Arkadios Wealth Advisors bought a new position in iShares Morningstar Value ETF in the first quarter worth $447,000. Finally, Royal Bank of Canada increased its stake in iShares Morningstar Value ETF by 1.3% in the first quarter. Royal Bank of Canada now owns 217,765 shares of the company’s stock valued at $20,282,000 after acquiring an additional 2,706 shares during the period.

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.