iShares Morningstar Value ETF (NYSEARCA:ILCV) Sees Large Volume Increase

iShares Morningstar Value ETF (NYSEARCA:ILCV) shares saw an uptick in trading volume on Monday . 9,931 shares were traded during trading, a decline of 64% from the previous session’s volume of 27,381 shares.The stock last traded at $75.47 and had previously closed at $75.59.

iShares Morningstar Value ETF Stock Up 0.4 %

The stock has a 50 day simple moving average of $75.33 and a 200 day simple moving average of $73.34. The company has a market cap of $927.65 million, a price-to-earnings ratio of 18.53 and a beta of 0.76.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Steele Capital Management Inc. acquired a new position in shares of iShares Morningstar Value ETF in the fourth quarter worth about $58,837,000. LPL Financial LLC lifted its stake in shares of iShares Morningstar Value ETF by 14.6% in the third quarter. LPL Financial LLC now owns 440,311 shares of the company’s stock worth $28,519,000 after acquiring an additional 55,966 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of iShares Morningstar Value ETF by 945.4% in the first quarter. Cetera Investment Advisers now owns 61,711 shares of the company’s stock worth $4,743,000 after acquiring an additional 55,808 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of iShares Morningstar Value ETF by 32.0% in the third quarter. Envestnet Asset Management Inc. now owns 61,311 shares of the company’s stock worth $3,971,000 after acquiring an additional 14,856 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in shares of iShares Morningstar Value ETF by 5.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 228,333 shares of the company’s stock worth $16,125,000 after acquiring an additional 12,752 shares in the last quarter.

iShares Morningstar Value ETF Company Profile

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.