iShares Morningstar Value ETF (NYSEARCA:ILCV) Sees Large Volume Increase – What’s Next?

iShares Morningstar Value ETF (NYSEARCA:ILCV) shares saw strong trading volume on Friday . 24,242 shares traded hands during trading, an increase of 41% from the previous session’s volume of 17,251 shares.The stock last traded at $81.32 and had previously closed at $80.70.

iShares Morningstar Value ETF Price Performance

The company has a market capitalization of $987.67 million, a P/E ratio of 18.53 and a beta of 0.76. The company has a fifty day moving average price of $83.00 and a 200 day moving average price of $80.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV raised its stake in iShares Morningstar Value ETF by 86.4% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 917 shares of the company’s stock valued at $75,000 after acquiring an additional 425 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new position in shares of iShares Morningstar Value ETF during the third quarter valued at $238,000. Wedbush Securities Inc. raised its stake in shares of iShares Morningstar Value ETF by 24.9% during the second quarter. Wedbush Securities Inc. now owns 3,346 shares of the company’s stock valued at $255,000 after purchasing an additional 666 shares in the last quarter. Proactive Wealth Strategies LLC acquired a new stake in iShares Morningstar Value ETF in the third quarter worth about $356,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in iShares Morningstar Value ETF by 8.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 4,841 shares of the company’s stock worth $369,000 after purchasing an additional 386 shares during the period.

About iShares Morningstar Value ETF

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.