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

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $95.66 and last traded at $95.6850, with a volume of 6528 shares. The stock had previously closed at $95.18.

iShares Morningstar U.S. Equity ETF Stock Performance

The stock has a market cap of $1.19 billion, a PE ratio of 26.16 and a beta of 1.01. The company’s 50-day moving average price is $94.13 and its two-hundred day moving average price is $91.18.

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

Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC bought a new position in shares of iShares Morningstar U.S. Equity ETF during the 3rd quarter valued at about $57,000. Mather Group LLC. purchased a new stake in iShares Morningstar U.S. Equity ETF in the third quarter worth approximately $92,000. Advisory Services Network LLC purchased a new stake in iShares Morningstar U.S. Equity ETF in the third quarter worth approximately $96,000. Allworth Financial LP bought a new position in iShares Morningstar U.S. Equity ETF during the second quarter valued at approximately $122,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of iShares Morningstar U.S. Equity ETF by 25.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,877 shares of the company’s stock worth $161,000 after acquiring an additional 381 shares in the last quarter.

iShares Morningstar U.S. Equity ETF Company Profile

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.