iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sees Strong Trading Volume – What’s Next?

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) shares saw an uptick in trading volume on Monday . 48,747 shares traded hands during mid-day trading, an increase of 1% from the previous session’s volume of 48,118 shares.The stock last traded at $71.39 and had previously closed at $72.63.

iShares Morningstar U.S. Equity ETF Trading Down 2.9 %

The company has a market capitalization of $1.01 billion, a P/E ratio of 22.09 and a beta of 1.02. The stock has a 50 day moving average price of $78.04 and a 200 day moving average price of $80.71.

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

Hedge funds have recently modified their holdings of the business. LPL Financial LLC lifted its position in shares of iShares Morningstar U.S. Equity ETF by 352.9% in the 4th quarter. LPL Financial LLC now owns 1,261,498 shares of the company’s stock worth $102,383,000 after purchasing an additional 982,931 shares during the period. Raymond James Financial Inc. acquired a new position in shares of iShares Morningstar U.S. Equity ETF in the 4th quarter valued at about $10,936,000. AdvisorShares Investments LLC boosted its position in shares of iShares Morningstar U.S. Equity ETF by 36.1% during the 4th quarter. AdvisorShares Investments LLC now owns 506,111 shares of the company’s stock valued at $41,076,000 after purchasing an additional 134,191 shares in the last quarter. Wells Fargo & Company MN grew its holdings in iShares Morningstar U.S. Equity ETF by 35.9% in the fourth quarter. Wells Fargo & Company MN now owns 494,414 shares of the company’s stock worth $40,127,000 after purchasing an additional 130,531 shares during the period. Finally, Two Sigma Investments LP bought a new stake in iShares Morningstar U.S. Equity ETF in the 4th quarter valued at about $3,060,000.

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.