iShares Morningstar Value ETF (NYSEARCA:ILCV) Sees Large Volume Increase – What’s Next?

iShares Morningstar Value ETF (NYSEARCA:ILCV) shares saw strong trading volume on Friday . 41,035 shares traded hands during trading, an increase of 62% from the previous session’s volume of 25,347 shares.The stock last traded at $83.76 and had previously closed at $83.46.

iShares Morningstar Value ETF Stock Performance

The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 18.53 and a beta of 0.76. The company’s fifty day simple moving average is $82.97 and its two-hundred day simple moving average is $82.44.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ILCV. Focus Partners Wealth acquired a new position in shares of iShares Morningstar Value ETF in the 4th quarter valued at about $264,000. Citadel Advisors LLC boosted its holdings in shares of iShares Morningstar Value ETF by 17.7% in the 4th quarter. Citadel Advisors LLC now owns 4,989 shares of the company’s stock valued at $404,000 after buying an additional 750 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of iShares Morningstar Value ETF by 1.3% in the 4th quarter. Ameriprise Financial Inc. now owns 28,343 shares of the company’s stock valued at $2,295,000 after buying an additional 364 shares during the period. Aptus Capital Advisors LLC acquired a new position in shares of iShares Morningstar Value ETF in the 4th quarter valued at about $32,000. Finally, Apex Wealth Management LLC acquired a new position in shares of iShares Morningstar Value ETF in the 4th quarter valued at about $4,041,000.

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.