LPL Financial LLC Raises Stake in iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB)

LPL Financial LLC increased its position in iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) by 352.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,261,498 shares of the company’s stock after buying an additional 982,931 shares during the period. LPL Financial LLC owned about 10.26% of iShares Morningstar U.S. Equity ETF worth $102,383,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Evanson Asset Management LLC purchased a new stake in iShares Morningstar U.S. Equity ETF in the 4th quarter valued at about $203,000. Synergy Investment Management LLC acquired a new position in iShares Morningstar U.S. Equity ETF during the fourth quarter worth approximately $231,000. Envestnet Portfolio Solutions Inc. acquired a new position in iShares Morningstar U.S. Equity ETF during the fourth quarter worth approximately $246,000. Kingswood Wealth Advisors LLC purchased a new position in iShares Morningstar U.S. Equity ETF during the fourth quarter worth approximately $281,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of iShares Morningstar U.S. Equity ETF by 9.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,018 shares of the company’s stock valued at $326,000 after purchasing an additional 333 shares during the last quarter.

iShares Morningstar U.S. Equity ETF Stock Up 0.2 %

ILCB stock opened at $79.65 on Wednesday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 24.96 and a beta of 1.02. The business has a fifty day simple moving average of $81.85 and a 200-day simple moving average of $81.29. iShares Morningstar U.S. Equity ETF has a 52 week low of $68.34 and a 52 week high of $85.08.

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.