iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 52-Week High – Still a Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCV) shares hit a new 52-week high during trading on Friday . The stock traded as high as $109.07 and last traded at $109.07, with a volume of 5471 shares traded. The stock had previously closed at $108.22.

iShares Morningstar Value ETF Trading Up 0.5%

The stock has a fifty day moving average of $104.83 and a two-hundred day moving average of $100.18. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 19.33 and a beta of 0.80.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. AlphaCore Capital LLC acquired a new position in iShares Morningstar Value ETF during the 4th quarter worth about $22,644,000. Northwestern Mutual Wealth Management Co. increased its position in iShares Morningstar Value ETF by 117.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 251,329 shares of the company’s stock valued at $23,715,000 after acquiring an additional 135,785 shares in the last quarter. Northwest Wealth Advisors LLC bought a new position in shares of iShares Morningstar Value ETF in the fourth quarter worth about $12,320,000. Systelligence LLC bought a new position in shares of iShares Morningstar Value ETF in the first quarter worth about $11,380,000. Finally, Ameriprise Financial Inc. raised its stake in shares of iShares Morningstar Value ETF by 359.7% in the third quarter. Ameriprise Financial Inc. now owns 121,231 shares of the company’s stock worth $10,913,000 after acquiring an additional 94,862 shares during the last quarter.

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.