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

Shares of iShares Morningstar Value ETF (NYSEARCA:ILCV) reached a new 52-week high during trading on Thursday . The company traded as high as $102.87 and last traded at $102.87, with a volume of 726 shares traded. The stock had previously closed at $101.24.

iShares Morningstar Value ETF Trading Up 0.8%

The company has a market cap of $1.29 billion, a PE ratio of 19.33 and a beta of 0.81. The firm’s 50-day simple moving average is $100.46 and its two-hundred day simple moving average is $97.30.

Institutional Investors Weigh In On iShares Morningstar Value ETF

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in shares of iShares Morningstar Value ETF by 212.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock valued at $29,000 after acquiring an additional 208 shares during the period. IFP Advisors Inc lifted its position in iShares Morningstar Value ETF by 75.1% during the 4th quarter. IFP Advisors Inc now owns 373 shares of the company’s stock worth $35,000 after acquiring an additional 160 shares during the period. Silicon Valley Capital Partners acquired a new stake in iShares Morningstar Value ETF during the 3rd quarter worth about $51,000. Capital Investment Advisory Services LLC purchased a new stake in iShares Morningstar Value ETF during the 4th quarter valued at about $66,000. Finally, Advisory Services Network LLC purchased a new stake in iShares Morningstar Value ETF during the 3rd quarter valued at about $97,000.

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.