iShares Morningstar Value ETF (NYSEARCA:ILCV – Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 7,585 shares, a decline of 71.8% from the May 14th total of 26,895 shares. Based on an average daily volume of 27,246 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.
Institutional Investors Weigh In On iShares Morningstar Value ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Security Financial Services INC. increased its position in shares of iShares Morningstar Value ETF by 87.8% during the 1st quarter. Security Financial Services INC. now owns 5,607 shares of the company’s stock valued at $522,000 after purchasing an additional 2,621 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in iShares Morningstar Value ETF in the 1st quarter worth $2,630,000. Arkadios Wealth Advisors bought a new position in iShares Morningstar Value ETF in the 1st quarter worth $447,000. Royal Bank of Canada raised its holdings in iShares Morningstar Value ETF by 1.3% in the 1st quarter. Royal Bank of Canada now owns 217,765 shares of the company’s stock worth $20,282,000 after purchasing an additional 2,706 shares during the period. Finally, Gateway Wealth Partners LLC bought a new position in iShares Morningstar Value ETF in the 1st quarter worth $293,000.
iShares Morningstar Value ETF Stock Performance
Shares of ILCV stock traded up $1.21 on Thursday, reaching $101.22. The stock had a trading volume of 16,565 shares, compared to its average volume of 44,426. The stock has a market cap of $1.27 billion, a P/E ratio of 19.33 and a beta of 0.81. iShares Morningstar Value ETF has a 1 year low of $80.65 and a 1 year high of $102.32. The company has a 50 day simple moving average of $98.70 and a 200 day simple moving average of $96.57.
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.
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