iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sees Strong Trading Volume – Here’s Why

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) saw an uptick in trading volume on Thursday . 90,417 shares changed hands during mid-day trading, an increase of 153% from the previous session’s volume of 35,767 shares.The stock last traded at $90.77 and had previously closed at $91.76.

iShares Morningstar U.S. Equity ETF Price Performance

The stock has a market capitalization of $1.13 billion, a P/E ratio of 26.16 and a beta of 1.01. The firm has a fifty day moving average of $92.83 and a two-hundred day moving average of $88.01.

Institutional Investors Weigh In On iShares Morningstar U.S. Equity ETF

Institutional investors have recently added to or reduced their stakes in the business. Cerity Partners LLC raised its position in iShares Morningstar U.S. Equity ETF by 2.6% during the first quarter. Cerity Partners LLC now owns 5,150 shares of the company’s stock worth $398,000 after acquiring an additional 131 shares during the last quarter. CWM LLC increased its stake in iShares Morningstar U.S. Equity ETF by 3.8% during the first quarter. CWM LLC now owns 8,433 shares of the company’s stock worth $652,000 after acquiring an additional 310 shares during the last quarter. Commonwealth Financial Services LLC lifted its position in iShares Morningstar U.S. Equity ETF by 22.7% during the first quarter. Commonwealth Financial Services LLC now owns 14,647 shares of the company’s stock valued at $1,132,000 after buying an additional 2,714 shares in the last quarter. Financial Engines Advisors L.L.C. purchased a new stake in iShares Morningstar U.S. Equity ETF during the 1st quarter worth $241,000. Finally, Elevation Capital Advisory LLC acquired a new stake in shares of iShares Morningstar U.S. Equity ETF in the first quarter valued at about $6,803,000.

About iShares Morningstar U.S. Equity ETF

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.