Sunburst Financial Group LLC Lowers Stock Holdings in iShares Morningstar Growth ETF (NYSEARCA:ILCG)

Sunburst Financial Group LLC cut its stake in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 16.3% in the 1st quarter, Holdings Channel reports. The fund owned 113,017 shares of the company’s stock after selling 21,986 shares during the quarter. iShares Morningstar Growth ETF accounts for approximately 2.4% of Sunburst Financial Group LLC’s portfolio, making the stock its 11th biggest position. Sunburst Financial Group LLC’s holdings in iShares Morningstar Growth ETF were worth $8,532,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC raised its stake in shares of iShares Morningstar Growth ETF by 6.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,550 shares of the company’s stock worth $173,000 after purchasing an additional 150 shares during the last quarter. Sunbelt Securities Inc. raised its position in iShares Morningstar Growth ETF by 3.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 5,452 shares of the company’s stock worth $325,000 after buying an additional 162 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its stake in shares of iShares Morningstar Growth ETF by 1.2% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 17,075 shares of the company’s stock worth $1,158,000 after acquiring an additional 200 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of iShares Morningstar Growth ETF by 5.0% in the third quarter. Kestra Advisory Services LLC now owns 4,476 shares of the company’s stock valued at $267,000 after acquiring an additional 213 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in shares of iShares Morningstar Growth ETF by 3.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 6,960 shares of the company’s stock worth $472,000 after acquiring an additional 228 shares during the period.

iShares Morningstar Growth ETF Stock Up 0.5 %

NYSEARCA ILCG traded up $0.45 during trading hours on Friday, hitting $82.56. 2,723 shares of the stock were exchanged, compared to its average volume of 72,536. iShares Morningstar Growth ETF has a 12-month low of $57.26 and a 12-month high of $82.74. The stock has a 50-day moving average of $77.18 and a 200 day moving average of $73.54. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 38.76 and a beta of 1.24.

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.