iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Hits New 52-Week High – What’s Next?

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) reached a new 52-week high on Monday . The stock traded as high as $96.23 and last traded at $96.2950, with a volume of 8827 shares trading hands. The stock had previously closed at $96.08.

iShares Morningstar U.S. Equity ETF Trading Up 0.2%

The firm has a market capitalization of $1.20 billion, a P/E ratio of 26.16 and a beta of 1.01. The stock has a 50 day simple moving average of $94.16 and a 200-day simple moving average of $91.37.

Hedge Funds Weigh In On iShares Morningstar U.S. Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in iShares Morningstar U.S. Equity ETF by 11.5% in the 1st quarter. Royal Bank of Canada now owns 47,673 shares of the company’s stock worth $3,683,000 after buying an additional 4,906 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of iShares Morningstar U.S. Equity ETF during the first quarter worth about $214,000. Goldman Sachs Group Inc. bought a new stake in iShares Morningstar U.S. Equity ETF during the 1st quarter valued at approximately $3,563,000. Jane Street Group LLC lifted its holdings in iShares Morningstar U.S. Equity ETF by 76.8% in the 1st quarter. Jane Street Group LLC now owns 6,659 shares of the company’s stock worth $514,000 after purchasing an additional 2,893 shares in the last quarter. Finally, Focus Partners Wealth bought a new position in shares of iShares Morningstar U.S. Equity ETF during the 1st quarter valued at about $273,000.

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.