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

Shares of iShares Morningstar Value ETF (NYSEARCA:ILCV) reached a new 52-week high on Thursday. The stock traded as high as $109.79 and last traded at $109.79, with a volume of 37,954 shares. The stock had previously closed at $109.62.

iShares Morningstar Value ETF Price Performance

The business has a 50 day simple moving average of $107.67 and a 200-day simple moving average of $103.52. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81.

Hedge Funds Weigh In On iShares Morningstar Value ETF

Institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its position in shares of iShares Morningstar Value ETF by 212.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock valued at $29,000 after purchasing an additional 208 shares during the period. City State Bank acquired a new stake in iShares Morningstar Value ETF during the 3rd quarter worth approximately $70,000. IFP Advisors Inc acquired a new stake in iShares Morningstar Value ETF during the 3rd quarter worth approximately $87,000. Firethorn Wealth Partners LLC acquired a new stake in iShares Morningstar Value ETF during the 3rd quarter worth approximately $210,000. Finally, Diversify Wealth Management LLC bought a new position in iShares Morningstar Value ETF in the first quarter valued at approximately $217,000.

iShares Morningstar Value ETF Company Profile

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.