iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Reaches New 12-Month High – What’s Next?

Shares of iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) reached a new 52-week high on Monday . The company traded as high as $83.40 and last traded at $83.40, with a volume of 1393 shares trading hands. The stock had previously closed at $82.76.

iShares Morningstar U.S. Equity ETF Stock Up 0.5 %

The company’s 50 day moving average price is $80.23 and its two-hundred day moving average price is $76.92. The firm has a market cap of $1.03 billion, a PE ratio of 26.03 and a beta of 1.01.

Institutional Investors Weigh In On iShares Morningstar U.S. Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Olistico Wealth LLC purchased a new position in iShares Morningstar U.S. Equity ETF during the 2nd quarter valued at $39,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares Morningstar U.S. Equity ETF during the second quarter worth $79,000. Tortoise Investment Management LLC purchased a new stake in shares of iShares Morningstar U.S. Equity ETF during the second quarter valued at $101,000. Ashton Thomas Private Wealth LLC bought a new position in shares of iShares Morningstar U.S. Equity ETF in the second quarter worth about $138,000. Finally, HCR Wealth Advisors purchased a new position in iShares Morningstar U.S. Equity ETF in the 3rd quarter worth about $201,000.

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.