IFG Advisory LLC Makes New $339,000 Investment in iShares Morningstar Growth ETF (NYSEARCA:ILCG)

IFG Advisory LLC acquired a new stake in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,162 shares of the company’s stock, valued at approximately $339,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Key Financial Inc boosted its position in iShares Morningstar Growth ETF by 44.5% during the 2nd quarter. Key Financial Inc now owns 2,918 shares of the company’s stock valued at $238,000 after buying an additional 898 shares during the period. Nations Financial Group Inc. IA ADV bought a new position in shares of iShares Morningstar Growth ETF during the second quarter valued at about $208,000. Beacon Financial Advisory LLC boosted its holdings in shares of iShares Morningstar Growth ETF by 177.7% during the second quarter. Beacon Financial Advisory LLC now owns 16,604 shares of the company’s stock worth $1,352,000 after purchasing an additional 10,625 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of iShares Morningstar Growth ETF by 18.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 83,851 shares of the company’s stock worth $6,826,000 after purchasing an additional 13,116 shares during the last quarter. Finally, AlphaStar Capital Management LLC bought a new stake in shares of iShares Morningstar Growth ETF in the second quarter worth about $464,000.

iShares Morningstar Growth ETF Price Performance

ILCG opened at $81.86 on Monday. iShares Morningstar Growth ETF has a one year low of $57.26 and a one year high of $85.17. The business has a 50 day simple moving average of $80.86 and a two-hundred day simple moving average of $77.45. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 38.76 and a beta of 1.24.

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.