iShares Morningstar Growth ETF (NYSEARCA:ILCG – Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 30,334 shares, a growth of 73.7% from the May 14th total of 17,462 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 97,336 shares, the short-interest ratio is currently 0.3 days.
iShares Morningstar Growth ETF Stock Down 1.1%
NYSEARCA ILCG traded down $1.27 on Tuesday, reaching $116.24. The stock had a trading volume of 60,683 shares, compared to its average volume of 87,988. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 38.10 and a beta of 1.22. iShares Morningstar Growth ETF has a 12-month low of $91.26 and a 12-month high of $120.57. The stock has a fifty day moving average price of $111.99 and a two-hundred day moving average price of $105.64.
Institutional Trading of iShares Morningstar Growth ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ILCG. Northwestern Mutual Wealth Management Co. raised its position in iShares Morningstar Growth ETF by 794.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 802,192 shares of the company’s stock valued at $83,460,000 after purchasing an additional 712,505 shares during the period. Valpey Financial Services LLC boosted its position in iShares Morningstar Growth ETF by 10,289.4% in the 4th quarter. Valpey Financial Services LLC now owns 474,901 shares of the company’s stock valued at $49,409,000 after buying an additional 470,330 shares during the period. Private Advisor Group LLC boosted its position in iShares Morningstar Growth ETF by 376.5% in the 3rd quarter. Private Advisor Group LLC now owns 113,848 shares of the company’s stock valued at $11,874,000 after buying an additional 89,955 shares during the period. LPL Financial LLC boosted its position in iShares Morningstar Growth ETF by 6.7% in the 4th quarter. LPL Financial LLC now owns 1,381,151 shares of the company’s stock valued at $143,695,000 after buying an additional 86,680 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in iShares Morningstar Growth ETF by 949.7% in the 4th quarter. Farther Finance Advisors LLC now owns 79,438 shares of the company’s stock valued at $8,265,000 after buying an additional 71,870 shares during the period.
About iShares Morningstar Growth ETF
The iShares Morningstar Growth ETF (ILCG) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of growth stocks, selected from the top 90% of the US market-cap spectrum. ILCG was launched on Jun 28, 2004 and is managed by BlackRock.
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