iShares Morningstar Value ETF (NYSEARCA:ILCV) Reaches New 12-Month High – Here’s Why

iShares Morningstar Value ETF (NYSEARCA:ILCVGet Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $104.43 and last traded at $103.89, with a volume of 21802 shares trading hands. The stock had previously closed at $103.56.

iShares Morningstar Value ETF Stock Performance

The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81. The company’s fifty day simple moving average is $100.93 and its two-hundred day simple moving average is $97.55.

Hedge Funds Weigh In On iShares Morningstar Value ETF

A number of hedge funds have recently bought and sold shares of the company. Security Financial Services INC. lifted its position in shares of iShares Morningstar Value ETF by 87.8% in the 1st quarter. Security Financial Services INC. now owns 5,607 shares of the company’s stock worth $522,000 after buying an additional 2,621 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in iShares Morningstar Value ETF during the first quarter worth about $2,630,000. Arkadios Wealth Advisors acquired a new stake in iShares Morningstar Value ETF during the first quarter worth about $447,000. Royal Bank of Canada lifted its holdings in iShares Morningstar Value ETF by 1.3% in the first quarter. Royal Bank of Canada now owns 217,765 shares of the company’s stock worth $20,282,000 after acquiring an additional 2,706 shares during the last quarter. Finally, Gateway Wealth Partners LLC acquired a new position in iShares Morningstar Value ETF in the first quarter valued at approximately $293,000.

iShares Morningstar Value ETF Company Profile

(Get Free Report)

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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