iShares Morningstar Value ETF (NYSEARCA:ILCV) Hits New 52-Week High – Still a Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCV) reached a new 52-week high on Friday . The stock traded as high as $102.32 and last traded at $102.03, with a volume of 4526 shares trading hands. The stock had previously closed at $102.27.

iShares Morningstar Value ETF Price Performance

The company’s 50 day moving average is $98.17 and its two-hundred day moving average is $96.33. The firm has a market cap of $1.26 billion, a P/E ratio of 19.33 and a beta of 0.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its stake in shares of iShares Morningstar Value ETF by 212.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock valued at $29,000 after purchasing an additional 208 shares during the period. IFP Advisors Inc raised its holdings in shares of iShares Morningstar Value ETF by 75.1% in the 4th quarter. IFP Advisors Inc now owns 373 shares of the company’s stock worth $35,000 after buying an additional 160 shares in the last quarter. Silicon Valley Capital Partners acquired a new position in shares of iShares Morningstar Value ETF in the 3rd quarter worth approximately $51,000. Capital Investment Advisory Services LLC acquired a new position in shares of iShares Morningstar Value ETF in the 4th quarter worth approximately $66,000. Finally, Caitlin John LLC acquired a new position in shares of iShares Morningstar Value ETF in the 3rd quarter worth approximately $72,000.

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.