iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sets New 1-Year High – Here’s Why

iShares Morningstar Growth ETF (NYSEARCA:ILCG) reached a new 52-week high on Friday . The company traded as high as $86.72 and last traded at $86.72, with a volume of 6602 shares. The stock had previously closed at $85.75.

iShares Morningstar Growth ETF Stock Up 0.4 %

The business’s 50 day simple moving average is $82.98 and its two-hundred day simple moving average is $79.88. The stock has a market cap of $2.41 billion, a P/E ratio of 38.76 and a beta of 1.24.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

A number of hedge funds have recently modified their holdings of ILCG. Raymond James Financial Services Advisors Inc. lifted its holdings in iShares Morningstar Growth ETF by 56.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 295,269 shares of the company’s stock valued at $24,038,000 after buying an additional 106,146 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in iShares Morningstar Growth ETF by 4.4% in the first quarter. J.W. Cole Advisors Inc. now owns 7,263 shares of the company’s stock valued at $548,000 after buying an additional 303 shares during the period. Private Advisor Group LLC lifted its holdings in iShares Morningstar Growth ETF by 4.0% in the first quarter. Private Advisor Group LLC now owns 27,642 shares of the company’s stock valued at $2,086,000 after buying an additional 1,051 shares during the period. Larson Financial Group LLC acquired a new position in iShares Morningstar Growth ETF in the second quarter valued at $41,000. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in iShares Morningstar Growth ETF by 6.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,797 shares of the company’s stock valued at $1,570,000 after buying an additional 1,337 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.