iShares Morningstar Growth ETF (NYSEARCA:ILCG – Get Free Report) saw unusually-high trading volume on Monday. Approximately 107,754 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 80,401 shares. The stock last traded at $107.3870 and had previously closed at $104.71.
iShares Morningstar Growth ETF Stock Performance
The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 38.10 and a beta of 1.23. The business has a 50 day simple moving average of $114.81 and a 200-day simple moving average of $110.47.
Institutional Investors Weigh In On iShares Morningstar Growth ETF
Hedge funds have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its stake in iShares Morningstar Growth ETF by 112.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,177 shares of the company’s stock worth $1,542,000 after purchasing an additional 6,986 shares during the period. Archer Investment Corp boosted its stake in shares of iShares Morningstar Growth ETF by 3,449.4% in the first quarter. Archer Investment Corp now owns 5,679 shares of the company’s stock valued at $542,000 after purchasing an additional 5,519 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of iShares Morningstar Growth ETF by 39.0% in the first quarter. Kestra Advisory Services LLC now owns 22,643 shares of the company’s stock valued at $2,162,000 after purchasing an additional 6,353 shares during the period. Independent Financial Group LLC acquired a new position in shares of iShares Morningstar Growth ETF in the first quarter valued at approximately $658,000. Finally, FAS Wealth Partners Inc. grew its holdings in shares of iShares Morningstar Growth ETF by 1.1% in the first quarter. FAS Wealth Partners Inc. now owns 592,851 shares of the company’s stock valued at $56,605,000 after purchasing an additional 6,217 shares in the last quarter.
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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