Northwestern Mutual Wealth Management Co. Raises Holdings in iShares Morningstar U.S. Equity ETF $ILCB

Northwestern Mutual Wealth Management Co. increased its holdings in iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) by 1,164.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 236,755 shares of the company’s stock after acquiring an additional 218,027 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 1.90% of iShares Morningstar U.S. Equity ETF worth $22,345,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Aurora Private Wealth Inc. purchased a new position in iShares Morningstar U.S. Equity ETF in the fourth quarter worth approximately $511,000. Wealth Forward LLC grew its position in iShares Morningstar U.S. Equity ETF by 1.2% in the fourth quarter. Wealth Forward LLC now owns 98,264 shares of the company’s stock worth $9,274,000 after acquiring an additional 1,156 shares during the period. High Point Wealth Management LLC purchased a new position in iShares Morningstar U.S. Equity ETF in the fourth quarter worth approximately $189,000. Edge Financial Advisors LLC grew its position in iShares Morningstar U.S. Equity ETF by 15.6% in the fourth quarter. Edge Financial Advisors LLC now owns 20,007 shares of the company’s stock worth $1,888,000 after acquiring an additional 2,706 shares during the period. Finally, Merit Financial Group LLC grew its position in iShares Morningstar U.S. Equity ETF by 3.0% in the fourth quarter. Merit Financial Group LLC now owns 73,485 shares of the company’s stock worth $6,936,000 after acquiring an additional 2,149 shares during the period.

iShares Morningstar U.S. Equity ETF Stock Performance

Shares of iShares Morningstar U.S. Equity ETF stock opened at $101.37 on Wednesday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 26.16 and a beta of 1.01. iShares Morningstar U.S. Equity ETF has a fifty-two week low of $79.83 and a fifty-two week high of $103.56. The stock has a 50 day moving average of $95.43 and a 200 day moving average of $94.86.

iShares Morningstar U.S. Equity ETF Profile

The iShares Morningstar U.S. Equity ETF (ILCB) is an exchange-traded fund that is based on the Morningstar US Large-Mid Cap index. The fund tracks a market cap-weighted index consists of both growth and value stocks, selected from the top 90% of the US market-cap spectrum. ILCB was launched on Jun 28, 2004 and is managed by BlackRock.