iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Hits New 12-Month High – What’s Next?

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB)’s stock price hit a new 52-week high on Thursday . The company traded as high as $98.58 and last traded at $98.58, with a volume of 2484 shares traded. The stock had previously closed at $98.44.

iShares Morningstar U.S. Equity ETF Stock Performance

The stock has a 50-day simple moving average of $93.29 and a two-hundred day simple moving average of $93.93. The firm has a market cap of $1.21 billion, a PE ratio of 26.16 and a beta of 1.01.

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

Hedge funds have recently bought and sold shares of the business. Commonwealth Financial Services LLC raised its position in iShares Morningstar U.S. Equity ETF by 153.7% in the 3rd quarter. Commonwealth Financial Services LLC now owns 41,490 shares of the company’s stock worth $3,835,000 after buying an additional 25,134 shares during the last quarter. Wealth Forward LLC purchased a new position in iShares Morningstar U.S. Equity ETF in the 3rd quarter worth about $8,975,000. JPMorgan Chase & Co. increased its position in shares of iShares Morningstar U.S. Equity ETF by 27.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 165,457 shares of the company’s stock valued at $15,292,000 after purchasing an additional 35,995 shares during the last quarter. Edge Financial Advisors LLC increased its position in shares of iShares Morningstar U.S. Equity ETF by 268.7% during the 3rd quarter. Edge Financial Advisors LLC now owns 17,301 shares of the company’s stock valued at $1,599,000 after purchasing an additional 12,608 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of iShares Morningstar U.S. Equity ETF by 10.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 519,869 shares of the company’s stock valued at $49,065,000 after purchasing an additional 48,866 shares during the last quarter.

iShares Morningstar U.S. Equity ETF Company Profile

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.