iShares Morningstar Value ETF (NYSEARCA:ILCV) Reaches New 1-Year High – Time to Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCV)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $100.00 and last traded at $99.97, with a volume of 34286 shares changing hands. The stock had previously closed at $99.38.

iShares Morningstar Value ETF Trading Up 0.7%

The business’s fifty day moving average is $95.57 and its 200 day moving average is $94.86. The firm has a market capitalization of $1.25 billion, a P/E ratio of 19.33 and a beta of 0.81.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its position in shares of iShares Morningstar Value ETF by 75.1% during the 4th quarter. IFP Advisors Inc now owns 373 shares of the company’s stock valued at $35,000 after acquiring an additional 160 shares during the last quarter. Silicon Valley Capital Partners acquired a new position in shares of iShares Morningstar Value ETF in the 3rd quarter worth $51,000. Capital Investment Advisory Services LLC acquired a new stake in shares of iShares Morningstar Value ETF during the fourth quarter worth $66,000. Caitlin John LLC acquired a new stake in shares of iShares Morningstar Value ETF during the third quarter worth $72,000. Finally, Root Financial Partners LLC purchased a new stake in shares of iShares Morningstar Value ETF during the third quarter valued at $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.