iShares Morningstar Value ETF (NYSEARCA:ILCV) Reaches New 52-Week High – Still a Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCVGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $84.98 and last traded at $84.98, with a volume of 1513 shares trading hands. The stock had previously closed at $84.44.

iShares Morningstar Value ETF Price Performance

The company has a 50 day moving average price of $82.54 and a 200 day moving average price of $79.43. The firm has a market cap of $1.04 billion, a PE ratio of 18.53 and a beta of 0.76.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Creative Financial Designs Inc. ADV boosted its holdings in iShares Morningstar Value ETF by 86.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 917 shares of the company’s stock valued at $75,000 after purchasing an additional 425 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of iShares Morningstar Value ETF in the first quarter valued at approximately $131,000. OneDigital Investment Advisors LLC purchased a new stake in shares of iShares Morningstar Value ETF in the third quarter valued at approximately $238,000. Wedbush Securities Inc. raised its position in iShares Morningstar Value ETF by 24.9% in the second quarter. Wedbush Securities Inc. now owns 3,346 shares of the company’s stock worth $255,000 after acquiring an additional 666 shares in the last quarter. Finally, Willis Johnson & Associates Inc. acquired a new stake in iShares Morningstar Value ETF in the second quarter valued at $290,000.

iShares Morningstar Value ETF Company Profile

(Get Free Report)

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.

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