Kovack Advisors Inc. Reduces Position in iShares Morningstar Growth ETF (NYSEARCA:ILCG)

Kovack Advisors Inc. cut its holdings in iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 26.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,909 shares of the company’s stock after selling 1,771 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares Morningstar Growth ETF were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its holdings in shares of iShares Morningstar Growth ETF by 56.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 295,269 shares of the company’s stock worth $24,038,000 after acquiring an additional 106,146 shares during the period. Larson Financial Group LLC purchased a new stake in iShares Morningstar Growth ETF during the second quarter valued at $41,000. Private Advisor Group LLC lifted its stake in shares of iShares Morningstar Growth ETF by 394.9% in the 2nd quarter. Private Advisor Group LLC now owns 136,803 shares of the company’s stock worth $11,137,000 after purchasing an additional 109,161 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in shares of iShares Morningstar Growth ETF by 4.5% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 93,635 shares of the company’s stock worth $7,623,000 after acquiring an additional 3,999 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in iShares Morningstar Growth ETF by 4.4% during the second quarter. J.W. Cole Advisors Inc. now owns 7,582 shares of the company’s stock valued at $617,000 after purchasing an additional 319 shares in the last quarter.

iShares Morningstar Growth ETF Trading Down 0.8 %

Shares of NYSEARCA:ILCG opened at $89.42 on Friday. The company has a market cap of $2.50 billion, a PE ratio of 38.76 and a beta of 1.24. iShares Morningstar Growth ETF has a 12-month low of $64.03 and a 12-month high of $90.66. The stock has a 50 day moving average of $84.73 and a 200 day moving average of $81.24.

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.