iShares Morningstar Growth ETF (NYSEARCA:ILCG) Reaches New 12-Month High – Should You Buy?

iShares Morningstar Growth ETF (NYSEARCA:ILCG) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $90.39 and last traded at $90.18, with a volume of 3400 shares traded. The stock had previously closed at $90.11.

iShares Morningstar Growth ETF Stock Down 0.8 %

The company’s 50-day moving average price is $84.73 and its 200-day moving average price is $81.24. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 38.76 and a beta of 1.24.

Institutional Trading of iShares Morningstar Growth ETF

Hedge funds have recently added to or reduced their stakes in the company. Pineridge Advisors LLC acquired a new stake in iShares Morningstar Growth ETF in the second quarter valued at approximately $25,000. Larson Financial Group LLC purchased a new position in iShares Morningstar Growth ETF in the second quarter valued at approximately $41,000. MidAtlantic Capital Management Inc. purchased a new position in iShares Morningstar Growth ETF in the third quarter valued at approximately $45,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in iShares Morningstar Growth ETF in the second quarter valued at approximately $121,000. Finally, Spectrum Wealth Advisory Group LLC purchased a new position in iShares Morningstar Growth ETF in the second quarter valued at approximately $204,000.

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.