iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 12-Month High – What’s Next?

iShares Morningstar Value ETF (NYSEARCA:ILCV)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $106.49 and last traded at $106.49, with a volume of 1880 shares trading hands. The stock had previously closed at $105.27.

iShares Morningstar Value ETF Price Performance

The stock’s fifty day simple moving average is $102.41 and its 200-day simple moving average is $98.66. The firm has a market cap of $1.33 billion, a PE ratio of 19.33 and a beta of 0.81.

Hedge Funds Weigh In On iShares Morningstar Value ETF

Hedge funds have recently made changes to their positions in the company. Equitable Holdings Inc. lifted its position in iShares Morningstar Value ETF by 2.9% during the 2nd quarter. Equitable Holdings Inc. now owns 904,531 shares of the company’s stock worth $75,429,000 after acquiring an additional 25,171 shares during the period. Bank of America Corp DE grew its stake in iShares Morningstar Value ETF by 1.7% during the 3rd quarter. Bank of America Corp DE now owns 825,721 shares of the company’s stock valued at $74,331,000 after purchasing an additional 13,548 shares during the last quarter. Matrix Trust Co increased its holdings in shares of iShares Morningstar Value ETF by 0.7% in the second quarter. Matrix Trust Co now owns 670,985 shares of the company’s stock valued at $67,930,000 after purchasing an additional 4,585 shares during the period. Steele Capital Management Inc. increased its holdings in shares of iShares Morningstar Value ETF by 1.0% in the fourth quarter. Steele Capital Management Inc. now owns 670,081 shares of the company’s stock valued at $63,229,000 after purchasing an additional 6,822 shares during the period. Finally, UBS Group AG raised its stake in shares of iShares Morningstar Value ETF by 7.9% in the third quarter. UBS Group AG now owns 536,027 shares of the company’s stock worth $48,253,000 after purchasing an additional 39,138 shares during the last quarter.

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.