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

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) shares saw strong trading volume on Thursday . 88,881 shares were traded during mid-day trading, an increase of 91% from the previous session’s volume of 46,541 shares.The stock last traded at $78.75 and had previously closed at $78.68.

iShares Morningstar U.S. Equity ETF Price Performance

The stock has a market cap of $1.10 billion, a PE ratio of 24.96 and a beta of 1.02. The company’s fifty day moving average is $81.59 and its 200-day moving average is $81.26.

Hedge Funds Weigh In On iShares Morningstar U.S. Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Aptus Capital Advisors LLC purchased a new stake in iShares Morningstar U.S. Equity ETF in the 4th quarter worth approximately $30,000. Russell Investments Group Ltd. boosted its holdings in iShares Morningstar U.S. Equity ETF by 286.3% during the fourth quarter. Russell Investments Group Ltd. now owns 394 shares of the company’s stock worth $32,000 after buying an additional 292 shares in the last quarter. Harvest Investment Services LLC acquired a new stake in iShares Morningstar U.S. Equity ETF during the fourth quarter valued at $201,000. Evanson Asset Management LLC acquired a new position in shares of iShares Morningstar U.S. Equity ETF in the fourth quarter worth about $203,000. Finally, Blue Sky Capital Consultants Group Inc. purchased a new stake in shares of iShares Morningstar U.S. Equity ETF during the 4th quarter worth about $222,000.

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.