iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Hits New 12-Month High – Should You Buy?

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $85.08 and last traded at $85.05, with a volume of 57151 shares trading hands. The stock had previously closed at $84.92.

iShares Morningstar U.S. Equity ETF Price Performance

The business has a 50 day simple moving average of $83.01 and a 200 day simple moving average of $80.68. The stock has a market cap of $1.02 billion, a PE ratio of 26.03 and a beta of 1.01.

Institutional Investors Weigh In On iShares Morningstar U.S. Equity ETF

Several institutional investors have recently made changes to their positions in ILCB. LPL Financial LLC raised its position in iShares Morningstar U.S. Equity ETF by 352.9% during the fourth quarter. LPL Financial LLC now owns 1,261,498 shares of the company’s stock valued at $102,383,000 after acquiring an additional 982,931 shares in the last quarter. Raymond James Financial Inc. bought a new stake in iShares Morningstar U.S. Equity ETF in the fourth quarter worth approximately $10,936,000. AdvisorShares Investments LLC increased its stake in shares of iShares Morningstar U.S. Equity ETF by 36.1% during the 4th quarter. AdvisorShares Investments LLC now owns 506,111 shares of the company’s stock worth $41,076,000 after purchasing an additional 134,191 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of iShares Morningstar U.S. Equity ETF by 35.9% during the 4th quarter. Wells Fargo & Company MN now owns 494,414 shares of the company’s stock valued at $40,127,000 after purchasing an additional 130,531 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of iShares Morningstar U.S. Equity ETF by 866.6% in the 3rd quarter. Private Advisor Group LLC now owns 129,808 shares of the company’s stock valued at $10,285,000 after purchasing an additional 116,378 shares during the last quarter.

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.