iShares Morningstar Growth ETF (NYSEARCA:ILCG) Hits New 12-Month High – What’s Next?

iShares Morningstar Growth ETF (NYSEARCA:ILCG)’s share price reached a new 52-week high on Wednesday . The company traded as high as $90.39 and last traded at $90.18, with a volume of 3400 shares changing hands. The stock had previously closed at $90.11.

iShares Morningstar Growth ETF Trading Up 0.5 %

The firm has a market cap of $2.53 billion, a P/E ratio of 38.76 and a beta of 1.24. The business’s fifty day moving average price is $84.30 and its two-hundred day moving average price is $81.12.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ILCG. Pineridge Advisors LLC bought a new stake in shares of iShares Morningstar Growth ETF during the second quarter worth approximately $25,000. Larson Financial Group LLC acquired a new position in iShares Morningstar Growth ETF during the second quarter valued at approximately $41,000. MidAtlantic Capital Management Inc. acquired a new position in iShares Morningstar Growth ETF during the third quarter valued at approximately $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in iShares Morningstar Growth ETF during the second quarter valued at approximately $121,000. Finally, Spectrum Wealth Advisory Group LLC acquired a new position in iShares Morningstar Growth ETF during the second quarter valued at approximately $204,000.

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.