iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 52-Week High – Time to Buy?

Shares of iShares Morningstar Value ETF (NYSEARCA:ILCV) hit a new 52-week high during trading on Thursday . The company traded as high as $96.60 and last traded at $96.4440, with a volume of 2916 shares traded. The stock had previously closed at $96.19.

iShares Morningstar Value ETF Trading Up 0.4%

The stock has a market capitalization of $1.21 billion, a P/E ratio of 19.33 and a beta of 0.88. The company has a fifty day simple moving average of $94.18 and a two-hundred day simple moving average of $89.93.

Hedge Funds Weigh In On iShares Morningstar Value ETF

Large investors have recently bought and sold shares of the business. Towerpoint Wealth LLC grew its holdings in iShares Morningstar Value ETF by 14.1% during the 4th quarter. Towerpoint Wealth LLC now owns 5,438 shares of the company’s stock worth $513,000 after acquiring an additional 671 shares during the period. Global View Capital Management LLC bought a new stake in iShares Morningstar Value ETF in the fourth quarter valued at about $2,678,000. Matrix Trust Co increased its holdings in iShares Morningstar Value ETF by 0.8% in the fourth quarter. Matrix Trust Co now owns 666,393 shares of the company’s stock valued at $62,881,000 after purchasing an additional 5,283 shares during the last quarter. Lauer Wealth LLC lifted its stake in iShares Morningstar Value ETF by 1.9% in the fourth quarter. Lauer Wealth LLC now owns 141,901 shares of the company’s stock valued at $13,621,000 after buying an additional 2,585 shares during the period. Finally, Accelerate Investment Advisors LLC bought a new position in iShares Morningstar Value ETF during the fourth quarter worth about $205,000.

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.