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

iShares Morningstar Value ETF (NYSEARCA:ILCV) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $84.98 and last traded at $84.98, with a volume of 1513 shares changing hands. The stock had previously closed at $84.44.

iShares Morningstar Value ETF Trading Up 0.6 %

The firm’s 50-day moving average price is $82.46 and its 200-day moving average price is $79.36. The stock has a market capitalization of $1.03 billion, a PE ratio of 18.53 and a beta of 0.76.

Hedge Funds Weigh In On iShares Morningstar Value ETF

Hedge funds have recently added to or reduced their stakes in the company. Lauer Wealth LLC grew its holdings in iShares Morningstar Value ETF by 2.5% during the 3rd quarter. Lauer Wealth LLC now owns 127,426 shares of the company’s stock valued at $10,508,000 after purchasing an additional 3,098 shares during the last quarter. CWM LLC grew its holdings in iShares Morningstar Value ETF by 4.3% during the 2nd quarter. CWM LLC now owns 11,760 shares of the company’s stock valued at $898,000 after purchasing an additional 490 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in iShares Morningstar Value ETF by 2.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 134,541 shares of the company’s stock valued at $10,269,000 after purchasing an additional 3,110 shares during the last quarter. Wedbush Securities Inc. grew its holdings in iShares Morningstar Value ETF by 24.9% during the 2nd quarter. Wedbush Securities Inc. now owns 3,346 shares of the company’s stock valued at $255,000 after purchasing an additional 666 shares during the last quarter. Finally, Key Financial Inc bought a new position in iShares Morningstar Value ETF during the 2nd quarter valued at about $414,000.

About iShares Morningstar Value ETF

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.