iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Hits New 1-Year High – What’s Next?

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $85.08 and last traded at $85.05, with a volume of 57151 shares trading hands. The stock had previously closed at $84.92.

iShares Morningstar U.S. Equity ETF Trading Down 1.7 %

The firm has a market cap of $1.02 billion, a PE ratio of 26.03 and a beta of 1.01. The company’s 50-day moving average is $83.01 and its 200 day moving average is $80.68.

Institutional Trading of iShares Morningstar U.S. Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of ILCB. LPL Financial LLC raised its position in iShares Morningstar U.S. Equity ETF by 352.9% during the fourth quarter. LPL Financial LLC now owns 1,261,498 shares of the company’s stock valued at $102,383,000 after buying an additional 982,931 shares during the period. Raymond James Financial Inc. acquired a new position in shares of iShares Morningstar U.S. Equity ETF in the 4th quarter valued at about $10,936,000. AdvisorShares Investments LLC lifted its position in shares of iShares Morningstar U.S. Equity ETF by 36.1% in the fourth 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 boosted 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. Finally, Private Advisor Group LLC boosted its holdings in shares of iShares Morningstar U.S. Equity ETF by 866.6% during the third quarter. Private Advisor Group LLC now owns 129,808 shares of the company’s stock worth $10,285,000 after purchasing an additional 116,378 shares during the period.

About iShares Morningstar U.S. Equity ETF

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.