iShares Morningstar Growth ETF (NYSEARCA:ILCG) Hits New 12-Month High – Still a Buy?

iShares Morningstar Growth ETF (NYSEARCA:ILCG) reached a new 52-week high on Monday . The stock traded as high as $111.02 and last traded at $111.02, with a volume of 4833 shares changing hands. The stock had previously closed at $110.54.

iShares Morningstar Growth ETF Price Performance

The company has a market capitalization of $2.94 billion, a PE ratio of 38.10 and a beta of 1.22. The company has a 50-day moving average of $101.52 and a two-hundred day moving average of $103.20.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

Several large investors have recently made changes to their positions in ILCG. Royal Bank of Canada lifted its position in shares of iShares Morningstar Growth ETF by 1.7% in the first quarter. Royal Bank of Canada now owns 84,928 shares of the company’s stock valued at $6,878,000 after acquiring an additional 1,444 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of iShares Morningstar Growth ETF by 11.5% in the first quarter. Goldman Sachs Group Inc. now owns 6,880 shares of the company’s stock valued at $557,000 after acquiring an additional 710 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of iShares Morningstar Growth ETF in the second quarter valued at about $740,000. Brown Advisory Inc. purchased a new position in shares of iShares Morningstar Growth ETF in the second quarter valued at about $296,000. Finally, Cerity Partners LLC purchased a new position in shares of iShares Morningstar Growth ETF in the second quarter valued at about $239,000.

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.