iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sees Strong Trading Volume

Shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) saw unusually-high trading volume on Monday . Approximately 329,677 shares were traded during mid-day trading, an increase of 297% from the previous session’s volume of 83,028 shares.The stock last traded at $73.76 and had previously closed at $76.69.

iShares Morningstar Growth ETF Stock Down 1.0 %

The firm has a market capitalization of $2.08 billion, a PE ratio of 38.76 and a beta of 1.24. The company’s 50-day simple moving average is $80.55 and its 200 day simple moving average is $76.31.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

Several institutional investors and hedge funds have recently bought and sold shares of ILCG. Strategic Financial Concepts LLC raised its position in shares of iShares Morningstar Growth ETF by 1,453.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 853,847 shares of the company’s stock valued at $695,000 after purchasing an additional 798,883 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of iShares Morningstar Growth ETF in the fourth quarter worth $34,303,000. Sanctuary Wealth Management L.L.C. lifted its stake in shares of iShares Morningstar Growth ETF by 733,364.7% during the fourth quarter. Sanctuary Wealth Management L.L.C. now owns 124,689 shares of the company’s stock worth $8,456,000 after buying an additional 124,672 shares during the period. Private Advisor Group LLC grew its holdings in shares of iShares Morningstar Growth ETF by 394.9% during the second quarter. Private Advisor Group LLC now owns 136,803 shares of the company’s stock valued at $11,137,000 after buying an additional 109,161 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of iShares Morningstar Growth ETF by 56.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 295,269 shares of the company’s stock valued at $24,038,000 after acquiring an additional 106,146 shares during the period.

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.