iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sees Unusually-High Trading Volume – Should You Buy?

by · The Markets Daily

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB – Get Free Report) shares saw strong trading volume on Thursday . 43,460 shares were traded during mid-day trading, an increase of 160% from the previous session’s volume of 16,694 shares.The stock last traded at $95.34 and had previously closed at $94.77.

iShares Morningstar U.S. Equity ETF Price Performance

The business has a fifty day moving average of $94.38 and a 200-day moving average of $91.86. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 26.16 and a beta of 1.01.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in iShares Morningstar U.S. Equity ETF by 11.5% in the 1st quarter. Royal Bank of Canada now owns 47,673 shares of the company’s stock worth $3,683,000 after purchasing an additional 4,906 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of iShares Morningstar U.S. Equity ETF during the first quarter valued at $214,000. Goldman Sachs Group Inc. acquired a new position in iShares Morningstar U.S. Equity ETF during the first quarter valued at $3,563,000. Jane Street Group LLC lifted its stake in iShares Morningstar U.S. Equity ETF by 76.8% in the 1st quarter. Jane Street Group LLC now owns 6,659 shares of the company’s stock worth $514,000 after acquiring an additional 2,893 shares in the last quarter. Finally, Focus Partners Wealth purchased a new stake in iShares Morningstar U.S. Equity ETF in the 1st quarter worth about $273,000.

About iShares Morningstar U.S. Equity ETF

(Get Free Report)

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.

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