iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 1-Year High – Should You Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCV) hit a new 52-week high on Wednesday . The company traded as high as $96.74 and last traded at $96.5850, with a volume of 15580 shares. The stock had previously closed at $96.51.

iShares Morningstar Value ETF Stock Performance

The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 19.33 and a beta of 0.88. The business’s 50-day simple moving average is $95.11 and its 200-day simple moving average is $90.79.

Institutional Investors Weigh In On iShares Morningstar Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC acquired a new position in shares of iShares Morningstar Value ETF in the second quarter valued at approximately $46,000. Silicon Valley Capital Partners acquired a new stake in iShares Morningstar Value ETF in the third quarter valued at approximately $51,000. Capital Investment Advisory Services LLC bought a new stake in shares of iShares Morningstar Value ETF during the fourth quarter worth about $66,000. Caitlin John LLC purchased a new stake in shares of iShares Morningstar Value ETF in the third quarter valued at about $72,000. Finally, Root Financial Partners LLC bought a new stake in iShares Morningstar Value ETF during the third quarter worth $84,000.

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.