iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Hits New 52-Week High – Still a Buy?

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $103.78 and last traded at $103.78, with a volume of 1636 shares changing hands. The stock had previously closed at $102.79.

iShares Morningstar U.S. Equity ETF Trading Up 0.5%

The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 26.16 and a beta of 1.01. The company’s 50 day moving average is $96.21 and its 200-day moving average is $95.10.

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

Several hedge funds have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC lifted its holdings in 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. Ameriprise Financial Inc. lifted its holdings in iShares Morningstar U.S. Equity ETF by 4.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 514,702 shares of the company’s stock valued at $47,574,000 after purchasing an additional 20,495 shares during the last quarter. LPL Financial LLC lifted its holdings in iShares Morningstar U.S. Equity ETF by 18.9% during the 4th quarter. LPL Financial LLC now owns 246,468 shares of the company’s stock valued at $23,262,000 after purchasing an additional 39,225 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in 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. Finally, Cetera Investment Advisers lifted its holdings in iShares Morningstar U.S. Equity ETF by 4.9% during the 1st quarter. Cetera Investment Advisers now owns 218,649 shares of the company’s stock valued at $19,648,000 after purchasing an additional 10,298 shares during the last quarter.

About iShares Morningstar U.S. Equity ETF

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.