iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sees Strong Trading Volume – Still a Buy?

iShares Morningstar Growth ETF (NYSEARCA:ILCG) shares saw unusually-high trading volume on Thursday . 375,405 shares changed hands during mid-day trading, an increase of 348% from the previous session’s volume of 83,856 shares.The stock last traded at $115.26 and had previously closed at $115.45.

iShares Morningstar Growth ETF Stock Down 0.4%

The firm has a market cap of $3.20 billion, a PE ratio of 38.10 and a beta of 1.23. The stock has a 50 day moving average price of $114.87 and a two-hundred day moving average price of $108.97.

Institutional Trading of iShares Morningstar Growth ETF

A number of institutional investors have recently bought and sold shares of ILCG. NBT Bank N A NY grew its position in iShares Morningstar Growth ETF by 175.0% during the 1st quarter. NBT Bank N A NY now owns 286 shares of the company’s stock worth $27,000 after purchasing an additional 182 shares during the last quarter. Parallel Advisors LLC purchased a new position in shares of iShares Morningstar Growth ETF in the third quarter worth $37,000. O Shaughnessy Asset Management LLC raised its holdings in shares of iShares Morningstar Growth ETF by 1,250.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 378 shares of the company’s stock worth $39,000 after buying an additional 350 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of iShares Morningstar Growth ETF during the fourth quarter worth $56,000. Finally, Signature Equity Partners LLC lifted its stake in shares of iShares Morningstar Growth ETF by 18.5% during the first quarter. Signature Equity Partners LLC now owns 684 shares of the company’s stock worth $65,000 after buying an additional 107 shares during the period.

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.