iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sets New 12-Month High – Here’s Why

Shares of iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $84.73 and last traded at $84.60, with a volume of 1205 shares traded. The stock had previously closed at $84.60.

iShares Morningstar U.S. Equity ETF Trading Down 0.0 %

The stock has a 50-day simple moving average of $82.70 and a 200-day simple moving average of $79.49. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 26.03 and a beta of 1.01.

Institutional Trading of iShares Morningstar U.S. Equity ETF

Several institutional investors have recently modified their holdings of ILCB. Private Advisor Group LLC lifted its holdings in shares of iShares Morningstar U.S. Equity ETF by 866.6% in the third quarter. Private Advisor Group LLC now owns 129,808 shares of the company’s stock valued at $10,285,000 after buying an additional 116,378 shares during the period. Gladstone Institutional Advisory LLC lifted its holdings in shares of iShares Morningstar U.S. Equity ETF by 43.1% in the third quarter. Gladstone Institutional Advisory LLC now owns 133,511 shares of the company’s stock valued at $10,578,000 after buying an additional 40,192 shares during the period. Jim Saulnier & Associates LLC acquired a new stake in shares of iShares Morningstar U.S. Equity ETF in the third quarter valued at $2,551,000. Prospera Financial Services Inc acquired a new stake in shares of iShares Morningstar U.S. Equity ETF in the third quarter valued at $2,249,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of iShares Morningstar U.S. Equity ETF by 14.2% in the third quarter. JPMorgan Chase & Co. now owns 138,957 shares of the company’s stock valued at $11,010,000 after buying an additional 17,260 shares during the period.

About iShares Morningstar U.S. Equity ETF

The iShares Morningstar U.S. Equity ETF (ILCB) is an exchange-traded fund that is based on the Morningstar US Large-Mid Cap index. The fund tracks a market cap-weighted index consists of both growth and value stocks, selected from the top 90% of the US market-cap spectrum. ILCB was launched on Jun 28, 2004 and is managed by BlackRock.