iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sees Unusually-High Trading Volume – Should You Buy?

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) shares saw strong trading volume on Thursday . 43,460 shares were traded during trading, an increase of 160% from the previous session’s volume of 16,694 shares.The stock last traded at $95.34 and had previously closed at $94.77.

iShares Morningstar U.S. Equity ETF Price Performance

The firm has a 50 day moving average price of $94.38 and a 200-day moving average price of $91.86. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 26.16 and a beta of 1.01.

Hedge Funds Weigh In On iShares Morningstar U.S. Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of ILCB. Flagship Harbor Advisors LLC acquired a new position in shares of iShares Morningstar U.S. Equity ETF in the 4th quarter valued at $30,000. Olistico Wealth LLC bought a new stake in shares of iShares Morningstar U.S. Equity ETF in the fourth quarter worth about $45,000. Cornerstone Planning Group LLC bought a new position in iShares Morningstar U.S. Equity ETF in the third quarter valued at approximately $57,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares Morningstar U.S. Equity ETF in the fourth quarter valued at approximately $57,000. Finally, Mather Group LLC. bought a new stake in shares of iShares Morningstar U.S. Equity ETF during the third quarter worth $92,000.

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.