Independent Financial Group LLC Makes New $3.12 Million Investment in iShares Morningstar U.S. Equity ETF $ILCB

Independent Financial Group LLC purchased a new stake in iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 34,767 shares of the company’s stock, valued at approximately $3,124,000. Independent Financial Group LLC owned approximately 0.28% of iShares Morningstar U.S. Equity ETF as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC grew its holdings in iShares Morningstar U.S. Equity ETF by 10.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 519,869 shares of the company’s stock worth $49,065,000 after purchasing an additional 48,866 shares during the last quarter. Rothschild Wealth LLC purchased a new stake in shares of iShares Morningstar U.S. Equity ETF during the 4th quarter valued at $929,000. Aurora Private Wealth Inc. purchased a new stake in shares of iShares Morningstar U.S. Equity ETF during the 4th quarter valued at $511,000. JPMorgan Chase & Co. boosted its position in shares of iShares Morningstar U.S. Equity ETF by 27.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 165,457 shares of the company’s stock worth $15,292,000 after purchasing an additional 35,995 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares Morningstar U.S. Equity ETF by 1,164.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 236,755 shares of the company’s stock worth $22,345,000 after purchasing an additional 218,027 shares in the last quarter.

iShares Morningstar U.S. Equity ETF Price Performance

Shares of ILCB stock opened at $102.95 on Friday. The stock’s fifty day moving average price is $103.25 and its 200 day moving average price is $97.70. iShares Morningstar U.S. Equity ETF has a 1-year low of $86.00 and a 1-year high of $105.39. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 26.16 and a beta of 1.01.

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.