iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sets New 12-Month High – Here’s Why

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $84.73 and last traded at $84.60, with a volume of 1205 shares traded. The stock had previously closed at $84.60.

iShares Morningstar U.S. Equity ETF Stock Performance

The stock has a market cap of $1.04 billion, a PE ratio of 26.03 and a beta of 1.01. The business has a 50-day moving average of $82.70 and a 200 day moving average of $79.49.

Institutional Trading of iShares Morningstar U.S. Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans boosted its stake in iShares Morningstar U.S. Equity ETF by 16.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 7,684 shares of the company’s stock worth $578,000 after buying an additional 1,081 shares during the last quarter. Creative Planning lifted its stake in shares of iShares Morningstar U.S. Equity ETF by 5.3% in the 2nd quarter. Creative Planning now owns 7,983 shares of the company’s stock valued at $600,000 after purchasing an additional 400 shares in the last quarter. New Century Financial Group LLC acquired a new position in shares of iShares Morningstar U.S. Equity ETF in the 2nd quarter valued at about $202,000. Sanctuary Advisors LLC acquired a new position in shares of iShares Morningstar U.S. Equity ETF in the 2nd quarter valued at about $533,000. Finally, Brightwater Advisory LLC acquired a new position in iShares Morningstar U.S. Equity ETF during the 2nd quarter worth approximately $574,000.

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.