iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 12-Month High – Should You Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCV)’s stock price reached a new 52-week high during trading on Friday. The stock traded as high as $109.65 and last traded at $109.6010, with a volume of 2,325 shares changing hands. The stock had previously closed at $108.35.

iShares Morningstar Value ETF Trading Up 0.3%

The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81. The firm’s fifty day moving average price is $107.55 and its 200 day moving average price is $103.06.

Institutional Trading of iShares Morningstar Value ETF

Institutional investors have recently added to or reduced their stakes in the stock. Matrix Trust Co purchased a new stake in iShares Morningstar Value ETF during the 3rd quarter worth about $70,744,000. Royal Bank of Canada boosted its position in iShares Morningstar Value ETF by 1.3% during the 1st quarter. Royal Bank of Canada now owns 217,765 shares of the company’s stock worth $20,282,000 after acquiring an additional 2,706 shares during the period. Cetera Investment Advisers boosted its position in shares of iShares Morningstar Value ETF by 7.2% during the 1st quarter. Cetera Investment Advisers now owns 197,023 shares of the company’s stock valued at $18,351,000 after purchasing an additional 13,191 shares in the last quarter. Northwest Wealth Advisors LLC lifted its position in shares of iShares Morningstar Value ETF by 18.3% in the 1st quarter. Northwest Wealth Advisors LLC now owns 154,510 shares of the company’s stock valued at $14,391,000 after acquiring an additional 23,950 shares in the last quarter. Finally, Systelligence LLC acquired a new stake in iShares Morningstar Value ETF during the first quarter valued at $11,380,000.

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.