iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 1-Year High – Still a Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCV) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $104.43 and last traded at $103.89, with a volume of 21802 shares changing hands. The stock had previously closed at $103.56.

iShares Morningstar Value ETF Stock Up 0.3%

The stock has a 50 day simple moving average of $100.93 and a 200 day simple moving average of $97.55. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81.

Institutional Trading of iShares Morningstar Value ETF

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in shares of iShares Morningstar Value ETF by 212.2% during the first quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock valued at $29,000 after acquiring an additional 208 shares in the last quarter. IFP Advisors Inc increased its holdings in iShares Morningstar Value ETF by 75.1% during the 4th quarter. IFP Advisors Inc now owns 373 shares of the company’s stock worth $35,000 after purchasing an additional 160 shares during the last quarter. Silicon Valley Capital Partners acquired a new position in shares of iShares Morningstar Value ETF in the 3rd quarter valued at approximately $51,000. Capital Investment Advisory Services LLC purchased a new position in shares of iShares Morningstar Value ETF during the 4th quarter valued at approximately $66,000. Finally, Advisory Services Network LLC purchased a new position in shares of iShares Morningstar Value ETF during the 3rd quarter valued at approximately $97,000.

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.