iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Reaches New 52-Week High – Here’s Why

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $95.61 and last traded at $95.5550, with a volume of 3592 shares. The stock had previously closed at $95.23.

iShares Morningstar U.S. Equity ETF Trading Up 0.3%

The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 26.16 and a beta of 1.01. The firm’s 50 day simple moving average is $93.73 and its 200-day simple moving average is $90.27.

Hedge Funds Weigh In On iShares Morningstar U.S. Equity ETF

A number of large investors have recently made changes to their positions in ILCB. Allworth Financial LP boosted its holdings in iShares Morningstar U.S. Equity ETF by 18.9% during the third quarter. Allworth Financial LP now owns 1,696 shares of the company’s stock worth $157,000 after buying an additional 270 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of iShares Morningstar U.S. Equity ETF during the 3rd quarter valued at approximately $96,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares Morningstar U.S. Equity ETF by 2.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 18,728 shares of the company’s stock worth $1,731,000 after acquiring an additional 523 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares Morningstar U.S. Equity ETF by 4.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 514,702 shares of the company’s stock worth $47,574,000 after acquiring an additional 20,495 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of iShares Morningstar U.S. Equity ETF by 14.5% in the 3rd quarter. Raymond James Financial Inc. now owns 40,720 shares of the company’s stock worth $3,763,000 after acquiring an additional 5,163 shares during the period.

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.