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

iShares Morningstar Growth ETF (NYSEARCA:ILCG) hit a new 52-week high on Wednesday . The stock traded as high as $93.47 and last traded at $93.44, with a volume of 76868 shares trading hands. The stock had previously closed at $91.94.

iShares Morningstar Growth ETF Stock Up 1.6 %

The company has a market capitalization of $2.61 billion, a PE ratio of 38.76 and a beta of 1.24. The company has a 50-day moving average price of $87.61 and a two-hundred day moving average price of $83.19.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC grew its position in iShares Morningstar Growth ETF by 7.8% during the second quarter. LPL Financial LLC now owns 1,361,772 shares of the company’s stock worth $110,862,000 after buying an additional 98,743 shares in the last quarter. Strategic Financial Concepts LLC grew its position in iShares Morningstar Growth ETF by 1,453.5% during the second quarter. Strategic Financial Concepts LLC now owns 853,847 shares of the company’s stock worth $695,000 after buying an additional 798,883 shares in the last quarter. AdvisorShares Investments LLC purchased a new position in iShares Morningstar Growth ETF during the second quarter worth about $40,618,000. Commonwealth Equity Services LLC grew its position in iShares Morningstar Growth ETF by 6.9% during the second quarter. Commonwealth Equity Services LLC now owns 472,360 shares of the company’s stock worth $38,455,000 after buying an additional 30,539 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in iShares Morningstar Growth ETF by 56.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 295,269 shares of the company’s stock worth $24,038,000 after buying an additional 106,146 shares in the last quarter.

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.