Kovitz Investment Group Partners LLC Sells 535 Shares of iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB)

Kovitz Investment Group Partners LLC decreased its position in shares of iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,170 shares of the company’s stock after selling 535 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in iShares Morningstar U.S. Equity ETF were worth $988,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC grew its stake in shares of iShares Morningstar U.S. Equity ETF by 352.9% during the fourth quarter. LPL Financial LLC now owns 1,261,498 shares of the company’s stock worth $102,383,000 after acquiring an additional 982,931 shares during the last quarter. Wells Fargo & Company MN grew its position in iShares Morningstar U.S. Equity ETF by 35.9% during the 4th quarter. Wells Fargo & Company MN now owns 494,414 shares of the company’s stock worth $40,127,000 after purchasing an additional 130,531 shares during the last quarter. JPMorgan Chase & Co. increased its stake in iShares Morningstar U.S. Equity ETF by 2.8% during the 4th quarter. JPMorgan Chase & Co. now owns 142,825 shares of the company’s stock valued at $11,592,000 after purchasing an additional 3,868 shares in the last quarter. Raymond James Financial Inc. acquired a new position in iShares Morningstar U.S. Equity ETF during the 4th quarter valued at approximately $10,936,000. Finally, Merit Financial Group LLC lifted its stake in shares of iShares Morningstar U.S. Equity ETF by 0.7% during the fourth quarter. Merit Financial Group LLC now owns 66,113 shares of the company’s stock worth $5,366,000 after buying an additional 440 shares during the period.

iShares Morningstar U.S. Equity ETF Stock Performance

Shares of ILCB opened at $76.73 on Wednesday. The stock has a 50-day moving average of $76.65 and a two-hundred day moving average of $80.47. The stock has a market cap of $1.10 billion, a P/E ratio of 22.09 and a beta of 1.02. iShares Morningstar U.S. Equity ETF has a one year low of $66.68 and a one year high of $85.08.

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.