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

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

iShares Morningstar Growth ETF Stock Up 0.5 %

The firm has a 50 day moving average of $84.30 and a 200-day moving average of $81.12. The company has a market cap of $2.53 billion, a P/E ratio of 38.76 and a beta of 1.24.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

A number of institutional investors have recently bought and sold shares of ILCG. Pineridge Advisors LLC purchased a new position in shares of iShares Morningstar Growth ETF during the 2nd quarter valued at approximately $25,000. Larson Financial Group LLC purchased a new position in shares of iShares Morningstar Growth ETF during the 2nd quarter valued at approximately $41,000. MidAtlantic Capital Management Inc. purchased a new position in shares of iShares Morningstar Growth ETF during the 3rd quarter valued at approximately $45,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares Morningstar Growth ETF during the 2nd quarter valued at approximately $121,000. Finally, Spectrum Wealth Advisory Group LLC purchased a new position in shares of iShares Morningstar Growth ETF during the 2nd 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.