iShares Morningstar Value ETF (NYSEARCA:ILCV) Sets New 52-Week High – Time to Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCV) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $108.14 and last traded at $108.04, with a volume of 9064 shares. The stock had previously closed at $107.60.

iShares Morningstar Value ETF Price Performance

The company’s fifty day moving average price is $102.96 and its 200 day moving average price is $99.05. The company has a market cap of $1.36 billion, a PE ratio of 19.33 and a beta of 0.80.

Hedge Funds Weigh In On iShares Morningstar Value ETF

Several institutional investors have recently modified their holdings of ILCV. PNC Financial Services Group Inc. grew its stake in 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 boosted 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 during the last quarter. Silicon Valley Capital Partners bought a new position in iShares Morningstar Value ETF during the third quarter valued at about $51,000. Capital Investment Advisory Services LLC purchased a new stake in iShares Morningstar Value ETF during the fourth quarter worth about $66,000. Finally, Advisory Services Network LLC purchased a new stake in iShares Morningstar Value ETF during the third quarter worth about $97,000.

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.