iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Hits New 12-Month High – Should You Buy?

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCBGet Free Report) shares hit a new 52-week high on Monday . The company traded as high as $83.78 and last traded at $83.75, with a volume of 16888 shares trading hands. The stock had previously closed at $83.65.

iShares Morningstar U.S. Equity ETF Price Performance

The firm’s 50 day moving average is $80.64 and its 200 day moving average is $77.23. The firm has a market cap of $1.03 billion, a P/E ratio of 26.03 and a beta of 1.01.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ILCB. Commonwealth Financial Services LLC purchased a new stake in iShares Morningstar U.S. Equity ETF during the second quarter valued at approximately $671,000. Strategic Blueprint LLC increased its holdings in iShares Morningstar U.S. Equity ETF by 4.3% during the second quarter. Strategic Blueprint LLC now owns 9,314 shares of the company’s stock valued at $700,000 after buying an additional 384 shares during the last quarter. Brightwater Advisory LLC purchased a new stake in iShares Morningstar U.S. Equity ETF during the second quarter valued at approximately $574,000. Creative Planning increased its holdings in iShares Morningstar U.S. Equity ETF by 5.3% during the second quarter. Creative Planning now owns 7,983 shares of the company’s stock valued at $600,000 after buying an additional 400 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in iShares Morningstar U.S. Equity ETF during the second quarter valued at approximately $533,000.

iShares Morningstar U.S. Equity ETF Company Profile

(Get Free Report)

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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