iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 1-Year High – Should You Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCV) shares reached a new 52-week high on Wednesday . The company traded as high as $100.20 and last traded at $100.20, with a volume of 8097 shares traded. The stock had previously closed at $100.16.

iShares Morningstar Value ETF Stock Down 0.7%

The company has a market cap of $1.25 billion, a price-to-earnings ratio of 19.33 and a beta of 0.81. The stock has a fifty day moving average price of $95.95 and a two-hundred day moving average price of $95.33.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. AlphaCore Capital LLC acquired a new position in iShares Morningstar Value ETF during the fourth quarter worth about $22,644,000. Northwestern Mutual Wealth Management Co. raised its stake in iShares Morningstar Value ETF by 117.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 251,329 shares of the company’s stock worth $23,715,000 after acquiring an additional 135,785 shares in the last quarter. Northwest Wealth Advisors LLC acquired a new position in iShares Morningstar Value ETF during the fourth quarter worth about $12,320,000. Systelligence LLC acquired a new position in iShares Morningstar Value ETF during the first quarter worth about $11,380,000. Finally, Ameriprise Financial Inc. raised its stake in iShares Morningstar Value ETF by 359.7% during the third quarter. Ameriprise Financial Inc. now owns 121,231 shares of the company’s stock worth $10,913,000 after acquiring an additional 94,862 shares in the last quarter.

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.