iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 52-Week High – What’s Next?

iShares Morningstar Value ETF (NYSEARCA:ILCV) hit a new 52-week high on Wednesday . The company traded as high as $82.28 and last traded at $82.28, with a volume of 5825 shares. The stock had previously closed at $81.69.

iShares Morningstar Value ETF Stock Performance

The stock has a market capitalization of $1.01 billion, a P/E ratio of 18.53 and a beta of 0.76. The firm has a 50-day moving average price of $80.14 and a 200 day moving average price of $77.58.

Institutional Investors Weigh In On iShares Morningstar Value ETF

Several institutional investors have recently bought and sold shares of ILCV. Madison Wealth Partners Inc boosted its position in shares of iShares Morningstar Value ETF by 0.7% during the first quarter. Madison Wealth Partners Inc now owns 37,581 shares of the company’s stock valued at $2,888,000 after purchasing an additional 258 shares in the last quarter. Cedar Point Capital Partners LLC boosted its position in shares of iShares Morningstar Value ETF by 3.2% during the second quarter. Cedar Point Capital Partners LLC now owns 9,636 shares of the company’s stock valued at $735,000 after purchasing an additional 297 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of iShares Morningstar Value ETF by 8.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 4,841 shares of the company’s stock valued at $369,000 after purchasing an additional 386 shares in the last quarter. CWM LLC boosted its position in shares of iShares Morningstar Value ETF by 4.3% during the second quarter. CWM LLC now owns 11,760 shares of the company’s stock valued at $898,000 after purchasing an additional 490 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its position in shares of iShares Morningstar Value ETF by 24.9% during the second quarter. Wedbush Securities Inc. now owns 3,346 shares of the company’s stock valued at $255,000 after purchasing an additional 666 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.