iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Hits New 12-Month High – Still a Buy?

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) reached a new 52-week high during trading on Thursday . The stock traded as high as $107.78 and last traded at $107.78, with a volume of 1285 shares trading hands. The stock had previously closed at $107.15.

iShares Morningstar U.S. Equity ETF Stock Performance

The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 26.16 and a beta of 1.04. The business has a 50-day simple moving average of $103.81 and a two-hundred day simple moving average of $99.03.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ILCB. Northwestern Mutual Wealth Management Co. increased its stake in iShares Morningstar U.S. Equity ETF by 1,164.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 236,755 shares of the company’s stock valued at $22,345,000 after buying an additional 218,027 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of iShares Morningstar U.S. Equity ETF by 163.2% during the 1st quarter. Royal Bank of Canada now owns 117,728 shares of the company’s stock worth $10,579,000 after buying an additional 73,004 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of iShares Morningstar U.S. Equity ETF during the 1st quarter worth about $3,563,000. LPL Financial LLC boosted its stake in shares of iShares Morningstar U.S. Equity ETF by 18.9% during the 4th quarter. LPL Financial LLC now owns 246,468 shares of the company’s stock worth $23,262,000 after buying an additional 39,225 shares during the last quarter. Finally, Independent Financial Group LLC bought a new position in shares of iShares Morningstar U.S. Equity ETF in the 1st quarter valued at about $3,124,000.

iShares Morningstar U.S. Equity ETF Company 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.