iShares Morningstar Value ETF (NYSEARCA:ILCV) Sees Strong Trading Volume – Still a Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCV) saw an uptick in trading volume on Friday . 113,028 shares changed hands during mid-day trading, an increase of 387% from the previous session’s volume of 23,227 shares.The stock last traded at $80.95 and had previously closed at $81.25.

iShares Morningstar Value ETF Price Performance

The firm has a fifty day moving average of $83.02 and a 200 day moving average of $82.57. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 20.41 and a beta of 0.92.

Hedge Funds Weigh In On iShares Morningstar Value ETF

Several institutional investors and hedge funds have recently modified their holdings of ILCV. Wealth Enhancement Advisory Services LLC lifted its holdings in iShares Morningstar Value ETF by 34.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 120,910 shares of the company’s stock valued at $9,791,000 after purchasing an additional 31,270 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of iShares Morningstar Value ETF during the fourth quarter worth $264,000. Citadel Advisors LLC grew its stake in iShares Morningstar Value ETF by 17.7% during the 4th quarter. Citadel Advisors LLC now owns 4,989 shares of the company’s stock valued at $404,000 after acquiring an additional 750 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in iShares Morningstar Value ETF by 1.3% in the 4th quarter. Ameriprise Financial Inc. now owns 28,343 shares of the company’s stock valued at $2,295,000 after buying an additional 364 shares in the last quarter. Finally, Aptus Capital Advisors LLC purchased a new position in shares of iShares Morningstar Value ETF during the 4th quarter worth $32,000.

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.