iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sees Large Volume Increase – Here’s Why

Shares of iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) saw unusually-high trading volume on Monday . Approximately 35,424 shares were traded during trading, an increase of 32% from the previous session’s volume of 26,760 shares.The stock last traded at $80.70 and had previously closed at $80.79.

iShares Morningstar U.S. Equity ETF Stock Performance

The business’s 50-day moving average price is $78.10 and its 200-day moving average price is $75.09. The stock has a market cap of $982.40 million, a P/E ratio of 26.03 and a beta of 1.01.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ILCB. Chapin Davis Inc. boosted its holdings in iShares Morningstar U.S. Equity ETF by 2.9% in the 1st quarter. Chapin Davis Inc. now owns 7,884 shares of the company’s stock worth $571,000 after buying an additional 221 shares during the period. Diversify Advisory Services LLC bought a new position in iShares Morningstar U.S. Equity ETF in the 1st quarter worth $411,000. Choate Investment Advisors purchased a new stake in iShares Morningstar U.S. Equity ETF in the 1st quarter worth $416,000. Index Fund Advisors Inc. purchased a new stake in iShares Morningstar U.S. Equity ETF in the 1st quarter worth $203,000. Finally, Cetera Investment Advisers lifted its stake in iShares Morningstar U.S. Equity ETF by 43.7% in the 1st quarter. Cetera Investment Advisers now owns 52,003 shares of the company’s stock worth $3,769,000 after purchasing an additional 15,804 shares in 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.