iShares Morningstar Growth ETF (NYSEARCA:ILCG) Reaches New 1-Year High – Still a Buy?

iShares Morningstar Growth ETF (NYSEARCA:ILCGGet Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $117.59 and last traded at $117.51, with a volume of 8475 shares traded. The stock had previously closed at $116.99.

iShares Morningstar Growth ETF Stock Performance

The stock has a market capitalization of $3.14 billion, a P/E ratio of 38.10 and a beta of 1.22. The stock’s fifty day simple moving average is $106.32 and its two-hundred day simple moving average is $104.31.

Institutional Investors Weigh In On iShares Morningstar Growth ETF

A number of institutional investors have recently added to or reduced their stakes in ILCG. Northwestern Mutual Wealth Management Co. grew its holdings in iShares Morningstar Growth ETF by 794.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 802,192 shares of the company’s stock worth $83,460,000 after acquiring an additional 712,505 shares during the last quarter. Valpey Financial Services LLC grew its holdings in iShares Morningstar Growth ETF by 10,289.4% during the 4th quarter. Valpey Financial Services LLC now owns 474,901 shares of the company’s stock worth $49,409,000 after acquiring an additional 470,330 shares during the last quarter. AdvisorShares Investments LLC bought a new stake in iShares Morningstar Growth ETF during the 3rd quarter worth approximately $41,913,000. Private Advisor Group LLC grew its holdings in iShares Morningstar Growth ETF by 376.5% during the 3rd quarter. Private Advisor Group LLC now owns 113,848 shares of the company’s stock worth $11,874,000 after acquiring an additional 89,955 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in iShares Morningstar Growth ETF by 6.7% during the 4th quarter. LPL Financial LLC now owns 1,381,151 shares of the company’s stock worth $143,695,000 after acquiring an additional 86,680 shares during the last quarter.

iShares Morningstar Growth ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for iShares Morningstar Growth ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Morningstar Growth ETF and related companies with MarketBeat.com's FREE daily email newsletter.