iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Reaches New 52-Week High – Should You Buy?

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB)’s share price reached a new 52-week high on Wednesday . The company traded as high as $87.01 and last traded at $86.29, with a volume of 37857 shares traded. The stock had previously closed at $86.68.

iShares Morningstar U.S. Equity ETF Stock Up 0.8%

The firm has a fifty day moving average of $83.49 and a 200-day moving average of $80.76. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 26.16 and a beta of 1.01.

Institutional Trading of iShares Morningstar U.S. Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC boosted its stake in iShares Morningstar U.S. Equity ETF by 352.9% during the 4th quarter. LPL Financial LLC now owns 1,261,498 shares of the company’s stock valued at $102,383,000 after purchasing an additional 982,931 shares in the last quarter. AdvisorShares Investments LLC increased its holdings in shares of iShares Morningstar U.S. Equity ETF by 36.1% in the 4th quarter. AdvisorShares Investments LLC now owns 506,111 shares of the company’s stock valued at $41,076,000 after purchasing an additional 134,191 shares during the period. Wells Fargo & Company MN raised its holdings in shares of iShares Morningstar U.S. Equity ETF by 35.9% during the fourth quarter. Wells Fargo & Company MN now owns 494,414 shares of the company’s stock worth $40,127,000 after acquiring an additional 130,531 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares Morningstar U.S. Equity ETF by 17.6% during the first quarter. Ameriprise Financial Inc. now owns 477,211 shares of the company’s stock worth $36,869,000 after acquiring an additional 71,260 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in iShares Morningstar U.S. Equity ETF by 112,936.4% during the first quarter. Jones Financial Companies Lllp now owns 307,459 shares of the company’s stock worth $23,754,000 after buying an additional 307,187 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.