iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sees Strong Trading Volume – Still a Buy?

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) saw strong trading volume on Friday . 208,926 shares traded hands during mid-day trading, an increase of 83% from the previous session’s volume of 113,876 shares.The stock last traded at $81.46 and had previously closed at $81.06.

iShares Morningstar U.S. Equity ETF Stock Up 1.0 %

The business has a 50-day moving average price of $82.31 and a 200-day moving average price of $78.78. The firm has a market capitalization of $1.01 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 added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in iShares Morningstar U.S. Equity ETF by 14.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 138,957 shares of the company’s stock valued at $11,010,000 after buying an additional 17,260 shares in the last quarter. Gladstone Institutional Advisory LLC raised its position in shares of iShares Morningstar U.S. Equity ETF by 43.1% in the third quarter. Gladstone Institutional Advisory LLC now owns 133,511 shares of the company’s stock valued at $10,578,000 after buying an additional 40,192 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of iShares Morningstar U.S. Equity ETF by 866.6% in the third quarter. Private Advisor Group LLC now owns 129,808 shares of the company’s stock worth $10,285,000 after buying an additional 116,378 shares in the last quarter. Jim Saulnier & Associates LLC acquired a new position in iShares Morningstar U.S. Equity ETF during the third quarter worth about $2,551,000. Finally, Prospera Financial Services Inc purchased a new stake in iShares Morningstar U.S. Equity ETF during the 3rd quarter valued at about $2,249,000.

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.