GM Advisory Group LLC Acquires 159,159 Shares of iShares Morningstar Growth ETF $ILCG

GM Advisory Group LLC boosted its holdings in iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 182.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 246,525 shares of the company’s stock after acquiring an additional 159,159 shares during the quarter. iShares Morningstar Growth ETF accounts for about 1.2% of GM Advisory Group LLC’s investment portfolio, making the stock its 23rd biggest position. GM Advisory Group LLC’s holdings in iShares Morningstar Growth ETF were worth $23,888,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. raised its stake in shares of iShares Morningstar Growth ETF by 39.6% in the second quarter. J.W. Cole Advisors Inc. now owns 12,009 shares of the company’s stock valued at $1,164,000 after acquiring an additional 3,405 shares during the last quarter. Laurel Wealth Advisors LLC grew its holdings in shares of iShares Morningstar Growth ETF by 9,590.0% during the second quarter. Laurel Wealth Advisors LLC now owns 251,940 shares of the company’s stock worth $24,413,000 after purchasing an additional 249,340 shares during the last quarter. Spectrum Wealth Advisory Group LLC acquired a new stake in shares of iShares Morningstar Growth ETF in the second quarter valued at $221,000. Global Retirement Partners LLC bought a new position in shares of iShares Morningstar Growth ETF in the second quarter valued at about $1,294,000. Finally, Personal CFO Solutions LLC acquired a new position in iShares Morningstar Growth ETF during the 2nd quarter worth about $401,000.

iShares Morningstar Growth ETF Trading Up 0.9%

Shares of NYSEARCA ILCG opened at $103.77 on Thursday. The firm has a market capitalization of $3.03 billion, a PE ratio of 38.10 and a beta of 1.16. The firm’s 50-day moving average is $104.41 and its 200-day moving average is $99.53. iShares Morningstar Growth ETF has a 1 year low of $69.47 and a 1 year high of $109.22.

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.