iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) saw unusually-strong trading volume on Monday . Approximately 219,119 shares changed hands during mid-day trading, an increase of 76% from the previous session’s volume of 124,364 shares.The stock last traded at $88.04 and had previously closed at $88.43.

iShares Morningstar Growth ETF Price Performance

The firm has a market cap of $2.41 billion, a PE ratio of 38.76 and a beta of 1.24. The firm has a 50-day simple moving average of $91.48 and a 200 day simple moving average of $87.83.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Halbert Hargrove Global Advisors LLC purchased a new position in shares of iShares Morningstar Growth ETF in the 4th quarter worth about $39,000. MidAtlantic Capital Management Inc. purchased a new position in iShares Morningstar Growth ETF in the third quarter worth about $45,000. Ameriflex Group Inc. bought a new position in shares of iShares Morningstar Growth ETF in the fourth quarter worth approximately $56,000. Synergy Investment Management LLC purchased a new stake in shares of iShares Morningstar Growth ETF during the fourth quarter valued at approximately $140,000. Finally, McCarthy & Cox bought a new stake in shares of iShares Morningstar Growth ETF during the fourth quarter valued at approximately $202,000.

iShares Morningstar Growth ETF Company 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.