iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 12-Month High – Here’s Why

iShares Morningstar Value ETF (NYSEARCA:ILCV)’s share price hit a new 52-week high on Friday . The company traded as high as $109.07 and last traded at $109.07, with a volume of 5471 shares changing hands. The stock had previously closed at $108.22.

iShares Morningstar Value ETF Trading Up 0.5%

The firm’s fifty day moving average price is $104.83 and its 200-day moving average price is $100.18. The company has a market cap of $1.36 billion, a P/E ratio of 19.33 and a beta of 0.80.

Institutional Investors Weigh In On iShares Morningstar Value ETF

A number of institutional investors have recently added to or reduced their stakes in ILCV. Matrix Trust Co increased its stake in iShares Morningstar Value ETF by 0.7% during the second quarter. Matrix Trust Co now owns 670,985 shares of the company’s stock valued at $67,930,000 after acquiring an additional 4,585 shares during the period. Security Financial Services INC. lifted its position in shares of iShares Morningstar Value ETF by 87.8% in the 1st quarter. Security Financial Services INC. now owns 5,607 shares of the company’s stock worth $522,000 after acquiring an additional 2,621 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of iShares Morningstar Value ETF during the 1st quarter worth approximately $2,630,000. Arkadios Wealth Advisors acquired a new stake in shares of iShares Morningstar Value ETF during the 1st quarter worth approximately $447,000. Finally, Royal Bank of Canada increased its position in shares of iShares Morningstar Value ETF by 1.3% during the first quarter. Royal Bank of Canada now owns 217,765 shares of the company’s stock valued at $20,282,000 after purchasing an additional 2,706 shares during the period.

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.