iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 12-Month High – Time to Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCVGet Free Report)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $108.14 and last traded at $108.04, with a volume of 9064 shares traded. The stock had previously closed at $107.60.

iShares Morningstar Value ETF Stock Down 0.3%

The firm has a 50-day moving average price of $103.21 and a 200 day moving average price of $99.22. The firm has a market capitalization of $1.35 billion, a PE ratio of 19.33 and a beta of 0.80.

Hedge Funds Weigh In On iShares Morningstar Value ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in iShares Morningstar Value ETF by 212.2% during the first quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock worth $29,000 after purchasing an additional 208 shares during the period. IFP Advisors Inc boosted its stake in shares of iShares Morningstar Value ETF by 75.1% in the fourth quarter. IFP Advisors Inc now owns 373 shares of the company’s stock valued at $35,000 after purchasing an additional 160 shares during the period. Silicon Valley Capital Partners purchased a new position in shares of iShares Morningstar Value ETF in the third quarter valued at approximately $51,000. Advisory Services Network LLC acquired a new position in shares of iShares Morningstar Value ETF in the third quarter valued at approximately $97,000. Finally, Arax Advisory Partners acquired a new position in shares of iShares Morningstar Value ETF in the fourth quarter valued at approximately $126,000.

iShares Morningstar Value ETF Company Profile

(Get Free Report)

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.

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