Envestnet Asset Management Inc. Decreases Position in iShares Morningstar Growth ETF (NYSEARCA:ILCG)

Envestnet Asset Management Inc. lessened its holdings in iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 48.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,203 shares of the company’s stock after selling 84,603 shares during the period. Envestnet Asset Management Inc. owned approximately 0.33% of iShares Morningstar Growth ETF worth $7,425,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ILCG. Cetera Advisor Networks LLC boosted its position in iShares Morningstar Growth ETF by 10.5% in the 4th quarter. Cetera Advisor Networks LLC now owns 68,727 shares of the company’s stock valued at $4,661,000 after buying an additional 6,529 shares during the period. Madison Wealth Partners Inc boosted its position in iShares Morningstar Growth ETF by 0.8% in the 4th quarter. Madison Wealth Partners Inc now owns 44,411 shares of the company’s stock valued at $3,012,000 after buying an additional 345 shares during the period. Hoese & Co LLP boosted its position in iShares Morningstar Growth ETF by 24.4% in the 1st quarter. Hoese & Co LLP now owns 13,322 shares of the company’s stock valued at $989,000 after buying an additional 2,611 shares during the period. RFG Advisory LLC boosted its position in iShares Morningstar Growth ETF by 7.5% in the 1st quarter. RFG Advisory LLC now owns 39,196 shares of the company’s stock valued at $2,959,000 after buying an additional 2,720 shares during the period. Finally, Global Assets Advisory LLC purchased a new position in iShares Morningstar Growth ETF in the 1st quarter valued at approximately $1,043,000.

iShares Morningstar Growth ETF Trading Down 0.6 %

Shares of ILCG opened at $83.77 on Friday. iShares Morningstar Growth ETF has a twelve month low of $57.26 and a twelve month high of $85.17. The firm’s fifty day simple moving average is $80.40 and its 200-day simple moving average is $78.53. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 38.76 and a beta of 1.24.

iShares Morningstar Growth ETF 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.