White Pine Investment CO Makes New $8.76 Million Investment in iShares Morningstar Growth ETF $ILCG

White Pine Investment CO acquired a new position in iShares Morningstar Growth ETF (NYSEARCA:ILCG) in the third quarter, HoldingsChannel reports. The institutional investor acquired 74,925 shares of the company’s stock, valued at approximately $8,764,000. iShares Morningstar Growth ETF accounts for approximately 1.7% of White Pine Investment CO’s investment portfolio, making the stock its 24th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WealthPlan Investment Management LLC bought a new position in iShares Morningstar Growth ETF in the 3rd quarter worth $240,000. Mather Group LLC. purchased a new stake in iShares Morningstar Growth ETF in the 3rd quarter worth $683,000. Fortune 45 LLC purchased a new stake in iShares Morningstar Growth ETF in the 3rd quarter worth $813,000. Accel Wealth Management purchased a new stake in iShares Morningstar Growth ETF in the 3rd quarter worth $477,000. Finally, JGP Wealth Management LLC purchased a new stake in iShares Morningstar Growth ETF in the 3rd quarter worth $1,230,000.

iShares Morningstar Growth ETF Stock Down 0.1%

NYSEARCA:ILCG opened at $115.43 on Friday. The business’s 50-day simple moving average is $116.33 and its two-hundred day simple moving average is $113.52. The stock has a market cap of $3.15 billion, a PE ratio of 38.10 and a beta of 1.22. iShares Morningstar Growth ETF has a 52 week low of $91.26 and a 52 week high of $121.11.

iShares Morningstar Growth ETF Company 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.