Royal Bank of Canada Buys 73,004 Shares of iShares Morningstar U.S. Equity ETF $ILCB

Royal Bank of Canada boosted its stake in iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) by 163.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,728 shares of the company’s stock after purchasing an additional 73,004 shares during the quarter. Royal Bank of Canada owned about 0.96% of iShares Morningstar U.S. Equity ETF worth $10,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Quantinno Capital Management LP bought a new position in shares of iShares Morningstar U.S. Equity ETF in the 1st quarter worth $350,000. Keynote Financial Services LLC purchased a new position in iShares Morningstar U.S. Equity ETF in the first quarter worth $228,000. Cetera Investment Advisers grew its position in iShares Morningstar U.S. Equity ETF by 4.9% in the first quarter. Cetera Investment Advisers now owns 218,649 shares of the company’s stock worth $19,648,000 after acquiring an additional 10,298 shares in the last quarter. Pacific Sun Financial Corp increased its stake in iShares Morningstar U.S. Equity ETF by 1.3% in the first quarter. Pacific Sun Financial Corp now owns 7,820 shares of the company’s stock valued at $703,000 after acquiring an additional 100 shares during the last quarter. Finally, Commonwealth Financial Services LLC increased its stake in iShares Morningstar U.S. Equity ETF by 2.6% in the first quarter. Commonwealth Financial Services LLC now owns 44,255 shares of the company’s stock valued at $3,977,000 after acquiring an additional 1,113 shares during the last quarter.

iShares Morningstar U.S. Equity ETF Trading Up 0.7%

ILCB opened at $107.22 on Friday. The stock has a 50-day moving average price of $103.52 and a 200-day moving average price of $98.60. iShares Morningstar U.S. Equity ETF has a 12-month low of $86.96 and a 12-month high of $107.63. The stock has a market capitalization of $1.32 billion, a P/E ratio of 26.16 and a beta of 1.02.

iShares Morningstar U.S. Equity ETF Profile

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.