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

iShares Morningstar Value ETF (NYSEARCA:ILCV) shares hit a new 52-week high during trading on Monday . The company traded as high as $87.74 and last traded at $87.55, with a volume of 19445 shares trading hands. The stock had previously closed at $86.21.

iShares Morningstar Value ETF Stock Performance

The firm has a market capitalization of $1.09 billion, a P/E ratio of 19.33 and a beta of 0.91. The company has a 50-day moving average price of $84.28 and a 200-day moving average price of $81.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ILCV. NewEdge Advisors LLC lifted its holdings in iShares Morningstar Value ETF by 2.3% during the fourth quarter. NewEdge Advisors LLC now owns 7,320 shares of the company’s stock worth $593,000 after acquiring an additional 164 shares in the last quarter. Lido Advisors LLC lifted its holdings in iShares Morningstar Value ETF by 232.5% during the fourth quarter. Lido Advisors LLC now owns 9,814 shares of the company’s stock worth $795,000 after acquiring an additional 6,862 shares in the last quarter. Navigoe LLC acquired a new stake in shares of iShares Morningstar Value ETF in the 4th quarter valued at about $112,000. Jane Street Group LLC acquired a new stake in shares of iShares Morningstar Value ETF in the 4th quarter valued at about $623,000. Finally, Apex Wealth Management LLC acquired a new stake in shares of iShares Morningstar Value ETF in the 4th quarter valued at about $4,041,000.

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.