iShares Morningstar Value ETF (NYSEARCA:ILCV) Reaches New 12-Month High – Should You Buy?

Shares of iShares Morningstar Value ETF (NYSEARCA:ILCV) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $109.25 and last traded at $109.1890, with a volume of 1934 shares trading hands. The stock had previously closed at $108.36.

iShares Morningstar Value ETF Trading Down 0.8%

The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81. The company has a 50 day moving average of $105.76 and a 200 day moving average of $100.62.

Institutional Investors Weigh In On iShares Morningstar Value ETF

Several large investors have recently modified their holdings of ILCV. Equitable Holdings Inc. lifted its holdings in shares of iShares Morningstar Value ETF by 2.9% during the 2nd quarter. Equitable Holdings Inc. now owns 904,531 shares of the company’s stock valued at $75,429,000 after purchasing an additional 25,171 shares in the last quarter. Bank of America Corp DE increased 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 worth $74,331,000 after purchasing an additional 13,548 shares in the last quarter. Matrix Trust Co raised its holdings in iShares Morningstar Value ETF by 0.7% during the 2nd quarter. Matrix Trust Co now owns 670,985 shares of the company’s stock worth $67,930,000 after buying an additional 4,585 shares during the period. UBS Group AG raised its holdings in iShares Morningstar Value ETF by 7.9% during the 3rd quarter. UBS Group AG now owns 536,027 shares of the company’s stock worth $48,253,000 after buying an additional 39,138 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in iShares Morningstar Value ETF by 0.4% in the third quarter. Raymond James Financial Inc. now owns 412,651 shares of the company’s stock valued at $37,147,000 after buying an additional 1,660 shares in the last quarter.

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.