iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sees Large Volume Increase – Still a Buy?

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) saw unusually-strong trading volume on Thursday . Approximately 70,784 shares changed hands during mid-day trading, an increase of 248% from the previous session’s volume of 20,347 shares.The stock last traded at $94.0660 and had previously closed at $94.75.

iShares Morningstar U.S. Equity ETF Trading Up 2.1%

The firm has a market cap of $1.19 billion, a PE ratio of 26.16 and a beta of 1.01. The business’s 50-day simple moving average is $95.05 and its 200 day simple moving average is $92.56.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ILCB. Money Concepts Capital Corp lifted its holdings in iShares Morningstar U.S. Equity ETF by 0.6% in the third quarter. Money Concepts Capital Corp now owns 17,029 shares of the company’s stock valued at $1,574,000 after acquiring an additional 107 shares during the last quarter. Optivise Advisory Services LLC raised its position in iShares Morningstar U.S. Equity ETF by 3.8% in the fourth quarter. Optivise Advisory Services LLC now owns 2,967 shares of the company’s stock valued at $280,000 after purchasing an additional 108 shares during the period. Global Retirement Partners LLC lifted its stake in shares of iShares Morningstar U.S. Equity ETF by 0.6% in the 3rd quarter. Global Retirement Partners LLC now owns 28,845 shares of the company’s stock valued at $2,666,000 after purchasing an additional 179 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of iShares Morningstar U.S. Equity ETF by 0.3% in the 3rd quarter. Merit Financial Group LLC now owns 71,336 shares of the company’s stock valued at $6,593,000 after purchasing an additional 186 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in shares of iShares Morningstar U.S. Equity ETF by 1.9% during the 2nd quarter. Savant Capital LLC now owns 13,463 shares of the company’s stock worth $1,155,000 after purchasing an additional 251 shares during the period.

About iShares Morningstar U.S. Equity ETF

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.