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

iShares Morningstar Value ETF (NYSEARCA:ILCV) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $108.72 and last traded at $108.72, with a volume of 890 shares trading hands. The stock had previously closed at $107.60.

iShares Morningstar Value ETF Trading Down 0.9%

The firm has a market capitalization of $1.35 billion, a P/E ratio of 19.33 and a beta of 0.80. The business has a 50-day moving average of $104.16 and a 200 day moving average of $99.79.

Institutional Trading of iShares Morningstar Value ETF

Several hedge funds have recently bought and sold shares of ILCV. PNC Financial Services Group Inc. raised its holdings in iShares Morningstar Value ETF by 212.2% during the first quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock worth $29,000 after buying an additional 208 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of iShares Morningstar Value ETF by 75.1% in the fourth quarter. IFP Advisors Inc now owns 373 shares of the company’s stock valued at $35,000 after buying an additional 160 shares in the last quarter. Silicon Valley Capital Partners acquired a new position in shares of iShares Morningstar Value ETF during the third quarter valued at about $51,000. Advisory Services Network LLC acquired a new stake in shares of iShares Morningstar Value ETF in the 3rd quarter worth about $97,000. Finally, Arax Advisory Partners bought a new position in iShares Morningstar Value ETF in the 4th quarter valued at about $126,000.

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.