iShares Morningstar Growth ETF (NYSEARCA:ILCG) Hits New 12-Month High – Still a Buy?

Shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $86.72 and last traded at $86.72, with a volume of 6602 shares changing hands. The stock had previously closed at $85.75.

iShares Morningstar Growth ETF Trading Up 1.2 %

The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 38.76 and a beta of 1.24. The company’s 50 day moving average is $82.88 and its 200-day moving average is $79.77.

Institutional Trading of iShares Morningstar Growth ETF

Hedge funds have recently made changes to their positions in the business. Global Assets Advisory LLC bought a new position in shares of iShares Morningstar Growth ETF in the first quarter valued at about $1,043,000. Wealth Enhancement Advisory Services LLC lifted its position in iShares Morningstar Growth ETF by 20.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 92,348 shares of the company’s stock worth $6,970,000 after acquiring an additional 15,891 shares during the last quarter. Cornerstone Wealth Group LLC bought a new stake in shares of iShares Morningstar Growth ETF during the first quarter worth approximately $367,000. Leeward Financial Partners LLC bought a new stake in shares of iShares Morningstar Growth ETF during the first quarter worth approximately $215,000. Finally, Cornerstone Wealth Management LLC grew its position in shares of iShares Morningstar Growth ETF by 2.4% in the first quarter. Cornerstone Wealth Management LLC now owns 116,897 shares of the company’s stock valued at $8,823,000 after purchasing an additional 2,705 shares during 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.