iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sees Strong Trading Volume – Time to Buy?

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) shares saw an uptick in trading volume on Thursday . 88,881 shares changed hands during trading, an increase of 91% from the previous session’s volume of 46,541 shares.The stock last traded at $78.75 and had previously closed at $78.68.

iShares Morningstar U.S. Equity ETF Price Performance

The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 24.96 and a beta of 1.02. The business has a fifty day simple moving average of $81.78 and a 200 day simple moving average of $81.27.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. American Trust lifted its stake in shares of iShares Morningstar U.S. Equity ETF by 1.2% in the 3rd quarter. American Trust now owns 15,798 shares of the company’s stock valued at $1,252,000 after purchasing an additional 188 shares during the last quarter. Trinity Wealth Management LLC lifted its position in iShares Morningstar U.S. Equity ETF by 1.2% in the fourth quarter. Trinity Wealth Management LLC now owns 16,373 shares of the company’s stock valued at $1,329,000 after buying an additional 198 shares during the last quarter. Tyler Stone Wealth Management boosted its stake in iShares Morningstar U.S. Equity ETF by 2.5% during the fourth quarter. Tyler Stone Wealth Management now owns 8,384 shares of the company’s stock worth $680,000 after buying an additional 206 shares during the period. Capital Management Associates Inc increased its position in shares of iShares Morningstar U.S. Equity ETF by 4.1% during the fourth quarter. Capital Management Associates Inc now owns 6,696 shares of the company’s stock valued at $543,000 after acquiring an additional 265 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in shares of iShares Morningstar U.S. Equity ETF by 1.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 28,269 shares of the company’s stock valued at $2,294,000 after acquiring an additional 280 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.