iShares Morningstar Value ETF (NYSEARCA:ILCV) Reaches New 12-Month High – Here’s Why

iShares Morningstar Value ETF (NYSEARCA:ILCV) shares reached a new 52-week high on Thursday. The stock traded as high as $109.95 and last traded at $109.7240, with a volume of 4,691 shares. The stock had previously closed at $109.52.

iShares Morningstar Value ETF Trading Up 0.0%

The stock’s 50-day moving average is $107.81 and its 200-day moving average is $101.46. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ipsen Advisor Group LLC acquired a new position in shares of iShares Morningstar Value ETF during the third quarter worth approximately $3,638,000. MGO One Seven LLC bought a new stake in iShares Morningstar Value ETF during the 3rd quarter worth approximately $344,000. Gilliland Jeter Wealth Management LLC bought a new position in shares of iShares Morningstar Value ETF in the third quarter valued at approximately $422,000. International Assets Investment Management LLC bought a new stake in iShares Morningstar Value ETF during the third quarter worth $1,780,000. Finally, Ashton Thomas Securities LLC bought a new position in iShares Morningstar Value ETF during the 3rd quarter valued at $2,801,000.

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.