American Financial & Tax Strategies Inc. Cuts Stock Position in iShares Morningstar Growth ETF (NYSEARCA:ILCG)

American Financial & Tax Strategies Inc. decreased its stake in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,125 shares of the company’s stock after selling 402 shares during the quarter. iShares Morningstar Growth ETF comprises about 2.4% of American Financial & Tax Strategies Inc.’s investment portfolio, making the stock its 12th biggest holding. American Financial & Tax Strategies Inc. owned about 0.20% of iShares Morningstar Growth ETF worth $4,488,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Pineridge Advisors LLC bought a new position in iShares Morningstar Growth ETF in the 2nd quarter worth about $25,000. Larson Financial Group LLC bought a new position in shares of iShares Morningstar Growth ETF during the second quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares Morningstar Growth ETF during the second quarter valued at $121,000. Spectrum Wealth Advisory Group LLC purchased a new stake in shares of iShares Morningstar Growth ETF during the second quarter valued at $204,000. Finally, Kaydan Wealth Management Inc. bought a new stake in iShares Morningstar Growth ETF in the 1st quarter worth about $208,000.

iShares Morningstar Growth ETF Stock Performance

ILCG opened at $82.34 on Friday. The company’s 50-day simple moving average is $80.40 and its two-hundred day simple moving average is $77.87. The stock has a market capitalization of $2.30 billion, a P/E ratio of 38.76 and a beta of 1.24. iShares Morningstar Growth ETF has a 52-week low of $57.26 and a 52-week high of $85.17.

iShares Morningstar Growth ETF 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.