iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) Sees Large Volume Increase

iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB) shares saw an uptick in trading volume on Monday . 44,189 shares traded hands during mid-day trading, an increase of 197% from the previous session’s volume of 14,900 shares.The stock last traded at $62.64 and had previously closed at $62.15.

iShares Morningstar U.S. Equity ETF Trading Up 0.9 %

The stock has a market capitalization of $805.82 million, a price-to-earnings ratio of 22.25 and a beta of 1.01. The stock’s 50 day moving average is $59.69 and its two-hundred day moving average is $60.00.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its stake in iShares Morningstar U.S. Equity ETF by 2.4% in the 3rd quarter. LPL Financial LLC now owns 200,810 shares of the company’s stock worth $11,827,000 after purchasing an additional 4,667 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of iShares Morningstar U.S. Equity ETF by 0.8% during the 3rd quarter. Avantax Advisory Services Inc. now owns 152,195 shares of the company’s stock worth $8,964,000 after buying an additional 1,260 shares during the last quarter. CI Private Wealth LLC acquired a new position in shares of iShares Morningstar U.S. Equity ETF during the 4th quarter worth about $63,000. UBS Group AG boosted its stake in shares of iShares Morningstar U.S. Equity ETF by 1.1% during the 3rd quarter. UBS Group AG now owns 98,925 shares of the company’s stock worth $5,826,000 after buying an additional 1,118 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of iShares Morningstar U.S. Equity ETF by 53.5% during the 3rd quarter. Royal Bank of Canada now owns 78,349 shares of the company’s stock worth $4,614,000 after buying an additional 27,303 shares during the last quarter.

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.