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

iShares Morningstar Value ETF (NYSEARCA:ILCV)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $104.43 and last traded at $103.89, with a volume of 21802 shares traded. The stock had previously closed at $103.56.

iShares Morningstar Value ETF Trading Up 0.4%

The business’s 50-day simple moving average is $101.15 and its 200-day simple moving average is $97.68. The company has a market capitalization of $1.29 billion, a PE ratio of 19.33 and a beta of 0.81.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Matrix Trust Co boosted its holdings in iShares Morningstar Value ETF by 0.7% in the second quarter. Matrix Trust Co now owns 670,985 shares of the company’s stock valued at $67,930,000 after purchasing an additional 4,585 shares during the last quarter. Security Financial Services INC. lifted its holdings 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 valued at $522,000 after buying an additional 2,621 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of iShares Morningstar Value ETF in the 1st quarter valued at about $2,630,000. Arkadios Wealth Advisors purchased a new stake in shares of iShares Morningstar Value ETF in the first quarter worth about $447,000. Finally, Royal Bank of Canada raised its position in 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 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.