iShares Morningstar Value ETF (NYSEARCA:ILCV) Reaches New 52-Week High – Here’s Why

iShares Morningstar Value ETF (NYSEARCA:ILCVGet Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $106.49 and last traded at $106.49, with a volume of 1880 shares. The stock had previously closed at $105.27.

iShares Morningstar Value ETF Stock Performance

The company has a 50-day simple moving average of $102.63 and a two-hundred day simple moving average of $98.81. The firm has a market capitalization of $1.35 billion, a P/E ratio of 19.33 and a beta of 0.80.

Institutional Investors Weigh In On iShares Morningstar Value ETF

Hedge funds have recently made changes to their positions in the company. Matrix Trust Co grew its stake in iShares Morningstar Value ETF by 0.7% in 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 position in 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 valued at $522,000 after buying an additional 2,621 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of iShares Morningstar Value ETF during the 1st quarter valued at $2,630,000. Arkadios Wealth Advisors bought a new stake in shares of iShares Morningstar Value ETF during the 1st quarter valued at $447,000. Finally, Royal Bank of Canada grew its position in shares of iShares Morningstar Value ETF by 1.3% in the 1st quarter. Royal Bank of Canada now owns 217,765 shares of the company’s stock worth $20,282,000 after buying an additional 2,706 shares during the period.

About iShares Morningstar Value ETF

(Get Free Report)

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.

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