iShares Morningstar Value ETF (NYSEARCA:ILCV) Sees Large Volume Increase – Still a Buy?

iShares Morningstar Value ETF (NYSEARCA:ILCV) saw unusually-high trading volume on Friday . Approximately 113,028 shares traded hands during trading, an increase of 387% from the previous session’s volume of 23,227 shares.The stock last traded at $80.95 and had previously closed at $81.25.

iShares Morningstar Value ETF Price Performance

The stock’s 50-day moving average is $83.04 and its 200 day moving average is $82.58. The company has a market cap of $977.50 million, a PE ratio of 20.11 and a beta of 0.92.

Institutional Investors Weigh In On iShares Morningstar Value ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Private Wealth Services LLC raised its holdings in shares of iShares Morningstar Value ETF by 1.5% in the fourth quarter. Kestra Private Wealth Services LLC now owns 8,943 shares of the company’s stock worth $724,000 after buying an additional 128 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of iShares Morningstar Value ETF by 2.3% in the fourth quarter. NewEdge Advisors LLC now owns 7,320 shares of the company’s stock worth $593,000 after buying an additional 164 shares during the last quarter. Mariner LLC raised its holdings in shares of iShares Morningstar Value ETF by 0.8% in the fourth quarter. Mariner LLC now owns 33,969 shares of the company’s stock worth $2,751,000 after buying an additional 262 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares Morningstar Value ETF by 1.3% in the fourth quarter. Ameriprise Financial Inc. now owns 28,343 shares of the company’s stock worth $2,295,000 after buying an additional 364 shares during the last quarter. Finally, Aptus Capital Advisors LLC purchased a new position in shares of iShares Morningstar Value ETF in the fourth quarter worth $32,000.

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.