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

Shares of iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $85.36 and last traded at $85.28, with a volume of 1112 shares trading hands. The stock had previously closed at $84.91.

iShares Morningstar U.S. Equity ETF Trading Up 0.5%

The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 25.56 and a beta of 1.01. The firm’s 50 day moving average price is $80.63 and its two-hundred day moving average price is $80.39.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ILCB. Aptus Capital Advisors LLC acquired a new position in shares of iShares Morningstar U.S. Equity ETF during the 4th quarter worth about $30,000. Russell Investments Group Ltd. increased its stake in shares of iShares Morningstar U.S. Equity ETF by 286.3% during the 4th quarter. Russell Investments Group Ltd. now owns 394 shares of the company’s stock worth $32,000 after purchasing an additional 292 shares during the last quarter. Creative Capital Management Investments LLC acquired a new position in shares of iShares Morningstar U.S. Equity ETF during the 1st quarter worth about $62,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of iShares Morningstar U.S. Equity ETF by 42.7% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,496 shares of the company’s stock worth $116,000 after purchasing an additional 448 shares during the last quarter. Finally, Harvest Investment Services LLC acquired a new position in shares of iShares Morningstar U.S. Equity ETF during the 4th quarter worth about $201,000.

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.