iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 12-Month High – What’s Next?

iShares Morningstar Value ETF (NYSEARCA:ILCV)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $105.07 and last traded at $105.01, with a volume of 2059 shares changing hands. The stock had previously closed at $104.07.

iShares Morningstar Value ETF Trading Up 1.0%

The stock’s 50 day moving average price is $102.08 and its two-hundred day moving average price is $98.41. The firm has a market capitalization of $1.32 billion, a PE ratio of 19.33 and a beta of 0.81.

Hedge Funds Weigh In On iShares Morningstar Value ETF

Institutional investors have recently modified their holdings of the company. AlphaCore Capital LLC acquired a new position in iShares Morningstar Value ETF in the fourth quarter valued at $22,644,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Morningstar Value ETF by 117.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 251,329 shares of the company’s stock valued at $23,715,000 after purchasing an additional 135,785 shares during the period. Northwest Wealth Advisors LLC purchased a new stake in shares of iShares Morningstar Value ETF during the fourth quarter worth about $12,320,000. Systelligence LLC acquired a new stake in iShares Morningstar Value ETF in the first quarter valued at $11,380,000. Finally, Ameriprise Financial Inc. raised its stake in iShares Morningstar Value ETF by 359.7% during the third quarter. Ameriprise Financial Inc. now owns 121,231 shares of the company’s stock valued at $10,913,000 after buying an additional 94,862 shares in the last quarter.

iShares Morningstar Value ETF Company Profile

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.