iShares Morningstar Value ETF (NYSEARCA:ILCV) Reaches New 1-Year High – Time to Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCV)’s share price hit a new 52-week high on Thursday . The company traded as high as $100.91 and last traded at $100.91, with a volume of 11777 shares changing hands. The stock had previously closed at $100.60.

iShares Morningstar Value ETF Trading Up 0.6%

The business’s fifty day simple moving average is $96.51 and its two-hundred day simple moving average is $95.67. The stock has a market capitalization of $1.27 billion, a P/E ratio of 19.33 and a beta of 0.81.

Hedge Funds Weigh In On iShares Morningstar Value ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in ILCV. Integrated Wealth Concepts LLC bought a new position in shares of iShares Morningstar Value ETF during the 1st quarter worth about $605,000. Jones Financial Companies Lllp lifted its holdings in shares of iShares Morningstar Value ETF by 578.4% during the 1st quarter. Jones Financial Companies Lllp now owns 3,392 shares of the company’s stock worth $276,000 after acquiring an additional 2,892 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of iShares Morningstar Value ETF by 509.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,520 shares of the company’s stock worth $1,753,000 after acquiring an additional 17,988 shares during the period. Creative Planning lifted its holdings in shares of iShares Morningstar Value ETF by 9.7% during the 2nd quarter. Creative Planning now owns 5,105 shares of the company’s stock worth $426,000 after acquiring an additional 453 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of iShares Morningstar Value ETF by 2.0% during the 2nd quarter. Raymond James Financial Inc. now owns 410,991 shares of the company’s stock worth $34,273,000 after acquiring an additional 7,955 shares during the period.

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.