Clearstead Trust LLC boosted its stake in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG – Free Report) by 12.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 557,871 shares of the company’s stock after acquiring an additional 62,044 shares during the period. iShares Morningstar Growth ETF accounts for about 8.7% of Clearstead Trust LLC’s portfolio, making the stock its 2nd biggest position. Clearstead Trust LLC owned about 2.10% of iShares Morningstar Growth ETF worth $53,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its position in shares of iShares Morningstar Growth ETF by 6.7% during the 4th quarter. LPL Financial LLC now owns 1,381,151 shares of the company’s stock valued at $143,695,000 after acquiring an additional 86,680 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake 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 in the last quarter. Wells Fargo & Company MN lifted its position in iShares Morningstar Growth ETF by 6.1% during the fourth quarter. Wells Fargo & Company MN now owns 718,042 shares of the company’s stock worth $74,705,000 after purchasing an additional 41,028 shares during the period. Cetera Investment Advisers increased its holdings in iShares Morningstar Growth ETF by 6.9% in the 4th quarter. Cetera Investment Advisers now owns 528,445 shares of the company’s stock valued at $54,979,000 after buying an additional 33,948 shares during the period. Finally, Bank of America Corp DE raised its position in shares of iShares Morningstar Growth ETF by 8.7% in the 3rd quarter. Bank of America Corp DE now owns 514,197 shares of the company’s stock valued at $53,631,000 after buying an additional 41,280 shares in the last quarter.
iShares Morningstar Growth ETF Trading Down 1.7%
Shares of iShares Morningstar Growth ETF stock opened at $114.03 on Friday. The company has a 50 day moving average of $115.61 and a 200-day moving average of $107.33. iShares Morningstar Growth ETF has a 1-year low of $91.26 and a 1-year high of $120.57. The company has a market cap of $3.17 billion, a PE ratio of 38.10 and a beta of 1.22.
iShares Morningstar Growth ETF Company Profile
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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