iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sets New 1-Year High – Time to Buy?

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $84.74 and last traded at $84.72, with a volume of 633 shares. The stock had previously closed at $84.61.

iShares Morningstar U.S. Equity ETF Trading Up 0.1 %

The stock has a market cap of $1.04 billion, a P/E ratio of 26.03 and a beta of 1.01. The stock has a 50 day simple moving average of $82.96 and a 200 day simple moving average of $80.36.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ILCB. Trinity Wealth Management LLC bought a new stake in iShares Morningstar U.S. Equity ETF during the third quarter worth about $1,282,000. Private Advisor Group LLC raised its position in shares of iShares Morningstar U.S. Equity ETF by 866.6% in the 3rd quarter. Private Advisor Group LLC now owns 129,808 shares of the company’s stock valued at $10,285,000 after buying an additional 116,378 shares in the last quarter. Commonwealth Financial Services LLC lifted its holdings in shares of iShares Morningstar U.S. Equity ETF by 15.4% during the 3rd quarter. Commonwealth Financial Services LLC now owns 10,097 shares of the company’s stock worth $793,000 after acquiring an additional 1,348 shares during the period. Silver Oak Securities Incorporated acquired a new stake in shares of iShares Morningstar U.S. Equity ETF during the 3rd quarter worth approximately $1,215,000. Finally, J.W. Cole Advisors Inc. increased its stake in iShares Morningstar U.S. Equity ETF by 5.1% in the third quarter. J.W. Cole Advisors Inc. now owns 27,989 shares of the company’s stock valued at $2,218,000 after acquiring an additional 1,346 shares during the last quarter.

iShares Morningstar U.S. Equity ETF Company Profile

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.