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 Thursday. The stock traded as high as $109.79 and last traded at $109.79, with a volume of 37,954 shares traded. The stock had previously closed at $109.62.

iShares Morningstar Value ETF Trading Up 0.2%

The company has a market capitalization of $1.38 billion, a P/E ratio of 19.33 and a beta of 0.81. The business has a 50 day moving average price of $107.67 and a 200 day moving average price of $103.52.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ILCV. PNC Financial Services Group Inc. raised its holdings 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 worth $29,000 after purchasing an additional 208 shares during the period. City State Bank acquired a new position in shares of iShares Morningstar Value ETF in the 3rd quarter valued at $70,000. IFP Advisors Inc acquired a new position in shares of iShares Morningstar Value ETF in the 3rd quarter valued at $87,000. Firethorn Wealth Partners LLC acquired a new position in shares of iShares Morningstar Value ETF in the 3rd quarter valued at $210,000. Finally, Diversify Advisory Services LLC bought a new stake in shares of iShares Morningstar Value ETF in the 3rd quarter valued at $237,000.

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.