iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sees Strong Trading Volume – Still a Buy?

Shares of iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) saw unusually-strong trading volume on Thursday . Approximately 88,881 shares were traded during trading, an increase of 91% from the previous session’s volume of 46,541 shares.The stock last traded at $78.75 and had previously closed at $78.68.

iShares Morningstar U.S. Equity ETF Stock Down 0.2 %

The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 24.96 and a beta of 1.02. The company’s fifty day simple moving average is $81.78 and its 200 day simple moving average is $81.27.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ILCB. LPL Financial LLC grew its stake in shares of iShares Morningstar U.S. Equity ETF by 352.9% in the fourth quarter. LPL Financial LLC now owns 1,261,498 shares of the company’s stock valued at $102,383,000 after acquiring an additional 982,931 shares in the last quarter. AdvisorShares Investments LLC grew its position in shares of iShares Morningstar U.S. Equity ETF by 36.1% during the 4th quarter. AdvisorShares Investments LLC now owns 506,111 shares of the company’s stock worth $41,076,000 after purchasing an additional 134,191 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of iShares Morningstar U.S. Equity ETF by 35.9% during the fourth quarter. Wells Fargo & Company MN now owns 494,414 shares of the company’s stock worth $40,127,000 after purchasing an additional 130,531 shares during the period. Bank of America Corp DE increased its holdings in shares of iShares Morningstar U.S. Equity ETF by 1.2% during the fourth quarter. Bank of America Corp DE now owns 172,106 shares of the company’s stock worth $13,968,000 after purchasing an additional 1,964 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of iShares Morningstar U.S. Equity ETF by 2.8% in the fourth quarter. JPMorgan Chase & Co. now owns 142,825 shares of the company’s stock valued at $11,592,000 after buying an additional 3,868 shares in the last quarter.

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.