iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 12-Month High – What’s Next?

iShares Morningstar Value ETF (NYSEARCA:ILCV) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $93.83 and last traded at $93.77, with a volume of 8352 shares trading hands. The stock had previously closed at $92.75.

iShares Morningstar Value ETF Price Performance

The business has a 50 day moving average of $90.77 and a 200 day moving average of $86.41. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 19.33 and a beta of 0.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC bought a new position in iShares Morningstar Value ETF in the 2nd quarter valued at about $46,000. Silicon Valley Capital Partners acquired a new stake in shares of iShares Morningstar Value ETF during the 3rd quarter worth $51,000. Caitlin John LLC bought a new position in iShares Morningstar Value ETF in the 3rd quarter valued at about $72,000. Root Financial Partners LLC bought a new stake in iShares Morningstar Value ETF during the third quarter worth $84,000. Finally, Jones Financial Companies Lllp boosted its stake in iShares Morningstar Value ETF by 92.0% in the third quarter. Jones Financial Companies Lllp now owns 966 shares of the company’s stock valued at $87,000 after buying an additional 463 shares in the last quarter.

iShares Morningstar Value ETF Company Profile

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.