iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sets New 52-Week High – Time to Buy?

Shares of iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) hit a new 52-week high on Monday . The company traded as high as $83.40 and last traded at $83.40, with a volume of 1393 shares changing hands. The stock had previously closed at $82.76.

iShares Morningstar U.S. Equity ETF Stock Performance

The stock has a fifty day simple moving average of $80.13 and a two-hundred day simple moving average of $76.84. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 26.03 and a beta of 1.01.

Institutional Investors Weigh In On iShares Morningstar U.S. Equity ETF

Several hedge funds have recently modified their holdings of ILCB. American Trust raised its position in iShares Morningstar U.S. Equity ETF by 6.4% during the 1st quarter. American Trust now owns 15,553 shares of the company’s stock worth $1,127,000 after purchasing an additional 936 shares during the last quarter. Commonwealth Financial Services LLC bought a new position in shares of iShares Morningstar U.S. Equity ETF in the 2nd quarter worth about $671,000. Strategic Blueprint LLC grew its stake in shares of iShares Morningstar U.S. Equity ETF by 4.3% in the 2nd 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 period. Brightwater Advisory LLC acquired a new stake in shares of iShares Morningstar U.S. Equity ETF in the 2nd quarter valued at about $574,000. Finally, Creative Planning grew its stake in shares of iShares Morningstar U.S. Equity ETF by 5.3% in the 2nd 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 period.

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.