iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Hits New 12-Month High – What’s Next?

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) reached a new 52-week high during trading on Thursday . The stock traded as high as $98.58 and last traded at $98.58, with a volume of 2484 shares trading hands. The stock had previously closed at $98.44.

iShares Morningstar U.S. Equity ETF Stock Performance

The stock has a market cap of $1.21 billion, a PE ratio of 26.16 and a beta of 1.01. The company’s 50-day moving average price is $93.29 and its 200 day moving average price is $93.93.

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

Several hedge funds and other institutional investors have recently made changes to their positions in ILCB. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Morningstar U.S. Equity ETF by 1,164.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 236,755 shares of the company’s stock valued at $22,345,000 after purchasing an additional 218,027 shares during the last quarter. Wealth Forward LLC purchased a new stake in shares of iShares Morningstar U.S. Equity ETF during the 3rd quarter valued at about $8,975,000. Exchange Traded Concepts LLC increased its position in shares of iShares Morningstar U.S. Equity ETF by 10.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 519,869 shares of the company’s stock valued at $49,065,000 after purchasing an additional 48,866 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of iShares Morningstar U.S. Equity ETF during the 1st quarter valued at about $3,563,000. Finally, LPL Financial LLC increased its holdings in iShares Morningstar U.S. Equity ETF by 18.9% in the 4th quarter. LPL Financial LLC now owns 246,468 shares of the company’s stock worth $23,262,000 after acquiring an additional 39,225 shares in the last quarter.

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.