Chicago Partners Investment Group LLC Reduces Stock Position in iShares Morningstar Value ETF (NYSEARCA:ILCV)

Chicago Partners Investment Group LLC lessened its stake in shares of iShares Morningstar Value ETF (NYSEARCA:ILCV) by 14.9% in the fourth quarter, HoldingsChannel reports. The firm owned 3,574 shares of the company’s stock after selling 627 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in iShares Morningstar Value ETF were worth $253,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Derbend Asset Management increased its position in iShares Morningstar Value ETF by 12.7% during the 4th quarter. Derbend Asset Management now owns 11,168 shares of the company’s stock worth $789,000 after purchasing an additional 1,260 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in iShares Morningstar Value ETF by 4.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 163,163 shares of the company’s stock valued at $11,523,000 after buying an additional 7,377 shares during the period. Global Retirement Partners LLC grew its holdings in iShares Morningstar Value ETF by 16.0% in the 4th quarter. Global Retirement Partners LLC now owns 6,080 shares of the company’s stock valued at $425,000 after buying an additional 840 shares during the period. CWM LLC grew its holdings in iShares Morningstar Value ETF by 6.7% in the 4th quarter. CWM LLC now owns 11,270 shares of the company’s stock valued at $796,000 after buying an additional 709 shares during the period. Finally, Kestra Advisory Services LLC grew its holdings in iShares Morningstar Value ETF by 40.3% in the 3rd quarter. Kestra Advisory Services LLC now owns 5,355 shares of the company’s stock valued at $347,000 after buying an additional 1,538 shares during the period.

iShares Morningstar Value ETF Price Performance

ILCV opened at $76.35 on Wednesday. The stock has a market capitalization of $927.65 million, a price-to-earnings ratio of 18.53 and a beta of 0.76. The business has a 50-day moving average of $75.33 and a two-hundred day moving average of $73.34. iShares Morningstar Value ETF has a 12 month low of $61.50 and a 12 month high of $77.33.

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.