iShares Morningstar Value ETF (NYSEARCA:ILCV) Reaches New 52-Week High – Here’s Why

iShares Morningstar Value ETF (NYSEARCA:ILCV) reached a new 52-week high during trading on Wednesday . The stock traded as high as $108.72 and last traded at $108.72, with a volume of 890 shares. The stock had previously closed at $107.60.

iShares Morningstar Value ETF Stock Performance

The firm has a market capitalization of $1.36 billion, a PE ratio of 19.33 and a beta of 0.80. The company’s 50-day moving average price is $103.86 and its 200-day moving average price is $99.63.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ILCV. Strategic Blueprint LLC increased its holdings in shares of iShares Morningstar Value ETF by 23.8% in the fourth quarter. Strategic Blueprint LLC now owns 33,650 shares of the company’s stock valued at $3,175,000 after purchasing an additional 6,474 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares Morningstar Value ETF by 117.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 251,329 shares of the company’s stock worth $23,715,000 after purchasing an additional 135,785 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of iShares Morningstar Value ETF by 5.3% during the fourth quarter. Corient Private Wealth LLC now owns 116,906 shares of the company’s stock worth $11,031,000 after purchasing an additional 5,921 shares during the period. Northwest Wealth Advisors LLC grew its position in iShares Morningstar Value ETF by 18.3% in the 1st quarter. Northwest Wealth Advisors LLC now owns 154,510 shares of the company’s stock valued at $14,391,000 after buying an additional 23,950 shares during the last quarter. Finally, Systelligence LLC purchased a new position in iShares Morningstar Value ETF in the 1st quarter valued at $11,380,000.

iShares Morningstar Value ETF Company Profile

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.