Ellis Investment Partners LLC Decreases Stake in iShares Morningstar Value ETF (NYSEARCA:ILCV)

Ellis Investment Partners LLC lessened its stake in iShares Morningstar Value ETF (NYSEARCA:ILCV) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,906 shares of the company’s stock after selling 235 shares during the quarter. Ellis Investment Partners LLC owned 0.13% of iShares Morningstar Value ETF worth $1,307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cetera Investment Advisers increased its holdings in iShares Morningstar Value ETF by 945.4% in the first quarter. Cetera Investment Advisers now owns 61,711 shares of the company’s stock valued at $4,743,000 after buying an additional 55,808 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in iShares Morningstar Value ETF in the 2nd quarter valued at approximately $1,919,000. Lauer Wealth LLC raised its holdings in iShares Morningstar Value ETF by 9.2% during the second quarter. Lauer Wealth LLC now owns 124,328 shares of the company’s stock worth $9,684,000 after purchasing an additional 10,471 shares during the last quarter. Mather Group LLC. boosted its position in iShares Morningstar Value ETF by 25.0% during the second quarter. Mather Group LLC. now owns 47,070 shares of the company’s stock worth $3,618,000 after purchasing an additional 9,403 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in iShares Morningstar Value ETF in the first quarter valued at $619,000.

iShares Morningstar Value ETF Trading Down 0.5 %

Shares of ILCV stock traded down $0.42 during mid-day trading on Friday, reaching $81.90. The stock had a trading volume of 12,250 shares, compared to its average volume of 24,439. iShares Morningstar Value ETF has a 12-month low of $61.50 and a 12-month high of $83.71. The business has a 50-day simple moving average of $81.38 and a 200 day simple moving average of $78.11. The company has a market cap of $995.09 million, a P/E ratio of 18.53 and a beta of 0.76.

iShares Morningstar Value ETF Profile

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.