iShares Morningstar Value ETF (NYSEARCA:ILCV) Sees Strong Trading Volume – What’s Next?

iShares Morningstar Value ETF (NYSEARCA:ILCV) shares saw unusually-high trading volume on Friday . Approximately 24,242 shares changed hands during mid-day trading, an increase of 41% from the previous session’s volume of 17,251 shares.The stock last traded at $81.32 and had previously closed at $80.70.

iShares Morningstar Value ETF Stock Performance

The firm’s 50 day simple moving average is $82.98 and its 200-day simple moving average is $80.78. The company has a market capitalization of $987.19 million, a price-to-earnings ratio of 18.53 and a beta of 0.76.

Institutional Trading of iShares Morningstar Value ETF

A number of hedge funds have recently made changes to their positions in the stock. Wedbush Securities Inc. lifted its position in iShares Morningstar Value ETF by 24.9% in the 2nd quarter. Wedbush Securities Inc. now owns 3,346 shares of the company’s stock worth $255,000 after buying an additional 666 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of iShares Morningstar Value ETF by 8.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 4,841 shares of the company’s stock worth $369,000 after acquiring an additional 386 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in iShares Morningstar Value ETF during the second quarter worth $1,919,000. Global Retirement Partners LLC lifted its holdings in iShares Morningstar Value ETF by 14.9% in the 3rd quarter. Global Retirement Partners LLC now owns 8,993 shares of the company’s stock worth $739,000 after purchasing an additional 1,163 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of iShares Morningstar Value ETF by 1.0% in the third quarter. Raymond James & Associates now owns 261,980 shares of the company’s stock worth $21,535,000 after buying an additional 2,618 shares during the last quarter.

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.