iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Reaches New 12-Month High – Still a Buy?

Shares of iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $79.63 and last traded at $79.63, with a volume of 3395 shares traded. The stock had previously closed at $79.13.

iShares Morningstar U.S. Equity ETF Price Performance

The stock has a 50 day moving average of $76.73 and a two-hundred day moving average of $74.50. The stock has a market capitalization of $978.83 million, a PE ratio of 26.03 and a beta of 1.01.

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

Institutional investors have recently made changes to their positions in the stock. Brightwater Advisory LLC acquired a new stake in shares of iShares Morningstar U.S. Equity ETF in the second quarter valued at about $574,000. Sanctuary Advisors LLC purchased a new position in iShares Morningstar U.S. Equity ETF in the second quarter valued at about $533,000. New Century Financial Group LLC acquired a new stake in shares of iShares Morningstar U.S. Equity ETF during the 2nd quarter valued at approximately $202,000. Creative Planning boosted its stake in shares of iShares Morningstar U.S. Equity ETF by 5.3% during the 2nd quarter. Creative Planning now owns 7,983 shares of the company’s stock worth $600,000 after acquiring an additional 400 shares in the last quarter. Finally, Commonwealth Financial Services LLC purchased a new stake in shares of iShares Morningstar U.S. Equity ETF during the 2nd quarter worth approximately $671,000.

iShares Morningstar U.S. Equity ETF Company Profile

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.