iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 52-Week High – Should You Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCV)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $104.75 and last traded at $104.75, with a volume of 3046 shares trading hands. The stock had previously closed at $104.03.

iShares Morningstar Value ETF Price Performance

The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81. The business’s 50 day moving average price is $101.51 and its 200-day moving average price is $97.92.

Hedge Funds Weigh In On iShares Morningstar Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its holdings in shares of iShares Morningstar Value ETF by 212.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock valued at $29,000 after buying an additional 208 shares during the period. IFP Advisors Inc grew its holdings in iShares Morningstar Value ETF by 75.1% during the fourth quarter. IFP Advisors Inc now owns 373 shares of the company’s stock worth $35,000 after acquiring an additional 160 shares during the period. Silicon Valley Capital Partners purchased a new position in iShares Morningstar Value ETF in the third quarter worth $51,000. Capital Investment Advisory Services LLC purchased a new position in iShares Morningstar Value ETF in the fourth quarter worth $66,000. Finally, Advisory Services Network LLC acquired a new stake in iShares Morningstar Value ETF in the third quarter valued at $97,000.

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.