iShares Morningstar Value ETF (NYSEARCA:ILCV) Sets New 1-Year High – What’s Next?

Shares of iShares Morningstar Value ETF (NYSEARCA:ILCV) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $102.02 and last traded at $101.68, with a volume of 13551 shares. The stock had previously closed at $101.54.

iShares Morningstar Value ETF Stock Up 0.1%

The firm has a fifty day simple moving average of $97.11 and a 200-day simple moving average of $95.98. The company has a market cap of $1.27 billion, a PE ratio of 19.33 and a beta of 0.81.

Hedge Funds Weigh In On iShares Morningstar Value ETF

Several hedge funds have recently made changes to their positions in ILCV. PNC Financial Services Group Inc. boosted its stake in shares of iShares Morningstar Value ETF by 212.2% during the first quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock worth $29,000 after buying an additional 208 shares during the period. IFP Advisors Inc boosted its stake in shares of iShares Morningstar Value ETF by 75.1% during the fourth quarter. IFP Advisors Inc now owns 373 shares of the company’s stock worth $35,000 after buying an additional 160 shares during the period. Silicon Valley Capital Partners acquired a new stake in shares of iShares Morningstar Value ETF during the third quarter worth about $51,000. Capital Investment Advisory Services LLC acquired a new stake in shares of iShares Morningstar Value ETF during the fourth quarter worth about $66,000. Finally, Caitlin John LLC acquired a new stake in shares of iShares Morningstar Value ETF during the third quarter worth about $72,000.

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.