iShares Morningstar Value ETF (NYSEARCA:ILCV) Reaches New 12-Month High – Still a Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCV) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $102.87 and last traded at $102.87, with a volume of 726 shares changing hands. The stock had previously closed at $101.24.

iShares Morningstar Value ETF Price Performance

The stock has a market cap of $1.29 billion, a P/E ratio of 19.33 and a beta of 0.81. The company’s 50 day simple moving average is $100.69 and its 200 day simple moving average is $97.40.

Institutional Trading of iShares Morningstar Value ETF

A number of large investors have recently made changes to their positions in ILCV. PNC Financial Services Group Inc. raised its stake in iShares Morningstar Value ETF by 212.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 306 shares of the company’s stock worth $29,000 after buying an additional 208 shares during the period. IFP Advisors Inc grew its stake in iShares Morningstar Value ETF by 75.1% in the fourth quarter. IFP Advisors Inc now owns 373 shares of the company’s stock valued at $35,000 after acquiring an additional 160 shares during the period. Silicon Valley Capital Partners acquired a new position in iShares Morningstar Value ETF in the third quarter valued at about $51,000. Capital Investment Advisory Services LLC bought a new stake in shares of iShares Morningstar Value ETF in the fourth quarter worth about $66,000. Finally, Advisory Services Network LLC bought a new stake in shares of iShares Morningstar Value ETF in the third quarter worth about $97,000.

iShares Morningstar Value ETF Company Profile

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.