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

Shares of iShares Morningstar Value ETF (NYSEARCA:ILCV) hit a new 52-week low on Monday . The company traded as low as $70.58 and last traded at $70.58, with a volume of 7526 shares. The stock had previously closed at $73.81.

iShares Morningstar Value ETF Price Performance

The stock has a market cap of $881.34 million, a PE ratio of 20.11 and a beta of 0.92. The company has a 50-day simple moving average of $82.64 and a 200-day simple moving average of $82.63.

Hedge Funds Weigh In On iShares Morningstar Value ETF

A number of large investors have recently made changes to their positions in ILCV. LPL Financial LLC grew its position in iShares Morningstar Value ETF by 13.8% during the fourth quarter. LPL Financial LLC now owns 458,437 shares of the company’s stock worth $37,124,000 after buying an additional 55,560 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of iShares Morningstar Value ETF during the 4th quarter worth approximately $32,251,000. Woodard & Co. Asset Management Group Inc. ADV increased its stake in iShares Morningstar Value ETF by 4,585.5% in the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 288,156 shares of the company’s stock valued at $23,335,000 after purchasing an additional 282,006 shares in the last quarter. SPC Financial Inc. raised its holdings in iShares Morningstar Value ETF by 2.4% during the fourth quarter. SPC Financial Inc. now owns 249,623 shares of the company’s stock worth $20,214,000 after purchasing an additional 5,816 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in iShares Morningstar Value ETF by 14.8% during the fourth quarter. JPMorgan Chase & Co. now owns 166,499 shares of the company’s stock worth $13,483,000 after purchasing an additional 21,516 shares in the last quarter.

About iShares Morningstar Value ETF

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.