iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Hits New 52-Week High – Here’s What Happened

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $105.60 and last traded at $105.53, with a volume of 1764 shares changing hands. The stock had previously closed at $103.37.

iShares Morningstar U.S. Equity ETF Stock Performance

The company’s fifty day simple moving average is $103.32 and its two-hundred day simple moving average is $98.30. The stock has a market capitalization of $1.31 billion, a P/E ratio of 26.16 and a beta of 1.01.

Institutional Trading of iShares Morningstar U.S. Equity ETF

Several hedge funds have recently added to or reduced their stakes in ILCB. Royal Bank of Canada grew its holdings in iShares Morningstar U.S. Equity ETF by 11.5% in the 1st quarter. Royal Bank of Canada now owns 47,673 shares of the company’s stock valued at $3,683,000 after buying an additional 4,906 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of iShares Morningstar U.S. Equity ETF in the first quarter valued at about $214,000. Goldman Sachs Group Inc. acquired a new position in shares of iShares Morningstar U.S. Equity ETF in the first quarter valued at about $3,563,000. Jane Street Group LLC grew its stake in shares of iShares Morningstar U.S. Equity ETF by 76.8% in the first quarter. Jane Street Group LLC now owns 6,659 shares of the company’s stock valued at $514,000 after acquiring an additional 2,893 shares in the last quarter. Finally, Focus Partners Wealth bought a new position in iShares Morningstar U.S. Equity ETF during the first quarter worth about $273,000.

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.