iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 12-Month High – Should You Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCV)’s share price reached a new 52-week high during mid-day trading on Friday. The company traded as high as $109.65 and last traded at $109.6010, with a volume of 2,325 shares. The stock had previously closed at $108.35.

iShares Morningstar Value ETF Stock Performance

The firm has a 50 day moving average price of $107.55 and a two-hundred day moving average price of $103.06. The firm has a market capitalization of $1.38 billion, a P/E ratio of 19.33 and a beta of 0.81.

Hedge Funds Weigh In On iShares Morningstar Value ETF

Several institutional investors have recently added to or reduced their stakes in the company. Flagstar Advisors Inc. lifted its stake in shares of iShares Morningstar Value ETF by 3.0% in the 1st quarter. Flagstar Advisors Inc. now owns 5,535 shares of the company’s stock valued at $516,000 after purchasing an additional 162 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in iShares Morningstar Value ETF by 212.2% in the first quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock valued at $29,000 after buying an additional 208 shares during the last quarter. Key Financial Inc lifted its position in iShares Morningstar Value ETF by 3.0% during the 1st quarter. Key Financial Inc now owns 9,482 shares of the company’s stock worth $883,000 after acquiring an additional 275 shares during the period. EWA LLC raised its holdings in shares of iShares Morningstar Value ETF by 7.7% during the first quarter. EWA LLC now owns 4,355 shares of the company’s stock worth $406,000 after purchasing an additional 312 shares during the last quarter. Finally, CFS Investment Advisory Services LLC grew its stake in shares of iShares Morningstar Value ETF by 13.1% during the 1st quarter. CFS Investment Advisory Services LLC now owns 2,755 shares of the company’s stock worth $270,000 after purchasing an additional 320 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.