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

iShares Morningstar Value ETF (NYSEARCA:ILCV) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $104.75 and last traded at $104.75, with a volume of 3046 shares changing hands. The stock had previously closed at $104.03.

iShares Morningstar Value ETF Price Performance

The stock has a market cap of $1.30 billion, a P/E ratio of 19.33 and a beta of 0.81. The company’s 50 day simple moving average is $101.69 and its 200 day simple moving average is $98.03.

Hedge Funds Weigh In On iShares Morningstar Value ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Matrix Trust Co raised its stake in iShares Morningstar Value ETF by 0.7% during the 2nd quarter. Matrix Trust Co now owns 670,985 shares of the company’s stock worth $67,930,000 after buying an additional 4,585 shares during the period. Security Financial Services INC. grew its stake in iShares Morningstar Value ETF by 87.8% in the first quarter. Security Financial Services INC. now owns 5,607 shares of the company’s stock valued at $522,000 after acquiring an additional 2,621 shares during the period. Ashton Thomas Securities LLC acquired a new position in iShares Morningstar Value ETF in the first quarter valued at about $2,630,000. Arkadios Wealth Advisors bought a new stake in shares of iShares Morningstar Value ETF in the first quarter worth about $447,000. Finally, Royal Bank of Canada increased its holdings in shares of iShares Morningstar Value ETF by 1.3% in the first quarter. Royal Bank of Canada now owns 217,765 shares of the company’s stock worth $20,282,000 after acquiring an additional 2,706 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.