Envestnet Asset Management Inc. Grows Stock Holdings in iShares Morningstar Value ETF (NYSEARCA:ILCV)

Envestnet Asset Management Inc. raised its stake in shares of iShares Morningstar Value ETF (NYSEARCA:ILCV) by 16.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,672 shares of the company’s stock after acquiring an additional 10,226 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares Morningstar Value ETF were worth $5,804,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Mascoma Wealth Management LLC purchased a new stake in shares of iShares Morningstar Value ETF during the fourth quarter worth approximately $64,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of iShares Morningstar Value ETF in the 4th quarter worth $71,000. Aspect Partners LLC purchased a new stake in shares of iShares Morningstar Value ETF in the fourth quarter valued at about $103,000. Addison Advisors LLC acquired a new position in shares of iShares Morningstar Value ETF during the fourth quarter worth about $108,000. Finally, Flagship Wealth Advisors LLC purchased a new position in iShares Morningstar Value ETF during the fourth quarter worth about $121,000.

iShares Morningstar Value ETF Trading Down 1.9 %

Shares of ILCV opened at $74.79 on Tuesday. The stock’s 50 day moving average is $80.46 and its two-hundred day moving average is $82.04. iShares Morningstar Value ETF has a twelve month low of $70.58 and a twelve month high of $85.63. The firm has a market capitalization of $931.14 million, a PE ratio of 17.96 and a beta of 0.88.

iShares Morningstar Value ETF Company 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.