Arcadia Wealth Management LLC Has $4.98 Million Stake in iShares Morningstar Growth ETF $ILCG

Arcadia Wealth Management LLC raised its stake in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 9.2% in the first quarter, Holdings Channel.com reports. The firm owned 52,162 shares of the company’s stock after buying an additional 4,383 shares during the period. iShares Morningstar Growth ETF comprises approximately 1.8% of Arcadia Wealth Management LLC’s investment portfolio, making the stock its 15th biggest holding. Arcadia Wealth Management LLC’s holdings in iShares Morningstar Growth ETF were worth $4,980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of iShares Morningstar Growth ETF by 1.7% during the first quarter. Royal Bank of Canada now owns 84,928 shares of the company’s stock valued at $6,878,000 after buying an additional 1,444 shares during the last quarter. Goldman Sachs Group Inc. raised its position in iShares Morningstar Growth ETF by 11.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,880 shares of the company’s stock valued at $557,000 after buying an additional 710 shares during the last quarter. Marshall Wace LLP bought a new position in iShares Morningstar Growth ETF during the 2nd quarter valued at $740,000. Brown Advisory Inc. bought a new position in iShares Morningstar Growth ETF during the 2nd quarter valued at $296,000. Finally, Cerity Partners LLC bought a new position in iShares Morningstar Growth ETF during the 2nd quarter valued at $239,000.

iShares Morningstar Growth ETF Price Performance

ILCG opened at $114.09 on Friday. iShares Morningstar Growth ETF has a 1 year low of $91.26 and a 1 year high of $120.57. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 38.10 and a beta of 1.22. The firm’s fifty day moving average price is $114.78 and its two-hundred day moving average price is $106.60.

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.