Northwestern Mutual Wealth Management Co. increased its stake in iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB – Free Report) by 39.2% in the 4th quarter, HoldingsChannel reports. The fund owned 26,076 shares of the company’s stock after acquiring an additional 7,348 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Morningstar U.S. Equity ETF were worth $2,461,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new position in shares of iShares Morningstar U.S. Equity ETF in the fourth quarter valued at approximately $30,000. Olistico Wealth LLC bought a new stake in iShares Morningstar U.S. Equity ETF during the fourth quarter worth approximately $45,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in iShares Morningstar U.S. Equity ETF during the fourth quarter worth approximately $57,000. Advisory Services Network LLC bought a new stake in iShares Morningstar U.S. Equity ETF during the third quarter worth approximately $96,000. Finally, Allworth Financial LP boosted its holdings in iShares Morningstar U.S. Equity ETF by 18.9% during the third quarter. Allworth Financial LP now owns 1,696 shares of the company’s stock worth $157,000 after buying an additional 270 shares in the last quarter.
iShares Morningstar U.S. Equity ETF Stock Performance
Shares of NYSEARCA:ILCB opened at $102.34 on Friday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 26.16 and a beta of 1.02. iShares Morningstar U.S. Equity ETF has a 1-year low of $82.30 and a 1-year high of $105.39. The company has a 50 day moving average price of $98.61 and a 200 day moving average price of $95.76.
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.
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