iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sees Strong Trading Volume – Here’s Why

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) saw unusually-high trading volume on Friday . Approximately 208,926 shares were traded during mid-day trading, an increase of 83% from the previous session’s volume of 113,876 shares.The stock last traded at $81.46 and had previously closed at $81.06.

iShares Morningstar U.S. Equity ETF Trading Up 1.0 %

The business’s 50 day moving average price is $82.31 and its two-hundred day moving average price is $78.78. The stock has a market cap of $1.01 billion, a P/E ratio of 26.03 and a beta of 1.01.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ILCB. JPMorgan Chase & Co. grew its holdings in iShares Morningstar U.S. Equity ETF by 14.2% in the third quarter. JPMorgan Chase & Co. now owns 138,957 shares of the company’s stock worth $11,010,000 after purchasing an additional 17,260 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of iShares Morningstar U.S. Equity ETF in the 3rd quarter worth approximately $674,000. American Trust increased its position in iShares Morningstar U.S. Equity ETF by 1.2% during the 3rd quarter. American Trust now owns 15,798 shares of the company’s stock valued at $1,252,000 after buying an additional 188 shares in the last quarter. MML Investors Services LLC raised its stake in iShares Morningstar U.S. Equity ETF by 1.5% during the third quarter. MML Investors Services LLC now owns 26,970 shares of the company’s stock valued at $2,137,000 after buying an additional 394 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its holdings in iShares Morningstar U.S. Equity ETF by 161.0% in the third quarter. Orion Portfolio Solutions LLC now owns 15,750 shares of the company’s stock worth $1,248,000 after acquiring an additional 9,715 shares in the last quarter.

iShares Morningstar U.S. Equity ETF Company Profile

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.