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

Shares of iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) hit a new 52-week high on Thursday . The stock traded as high as $107.78 and last traded at $107.78, with a volume of 1285 shares trading hands. The stock had previously closed at $107.15.

iShares Morningstar U.S. Equity ETF Price Performance

The stock has a market cap of $1.33 billion, a PE ratio of 26.16 and a beta of 1.02. The business has a 50 day moving average price of $103.65 and a two-hundred day moving average price of $98.88.

Institutional Investors Weigh In On iShares Morningstar U.S. Equity ETF

Several institutional investors have recently added to or reduced their stakes in the company. Evanson Financial LLC bought a new stake in iShares Morningstar U.S. Equity ETF in the 2nd quarter worth $259,000. S&A Financial Services Inc. purchased a new stake in shares of iShares Morningstar U.S. Equity ETF during the first quarter worth about $219,000. Western Wealth Management LLC bought a new stake in shares of iShares Morningstar U.S. Equity ETF in the first quarter worth about $45,000. Bank of America Corp DE grew its stake in shares of iShares Morningstar U.S. Equity ETF by 13.0% in the first quarter. Bank of America Corp DE now owns 114,117 shares of the company’s stock worth $10,255,000 after purchasing an additional 13,157 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in iShares Morningstar U.S. Equity ETF during the 1st quarter valued at about $1,511,000.

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.