iShares Morningstar Growth ETF (NYSEARCA:ILCG) Reaches New 1-Year High – Still a Buy?

iShares Morningstar Growth ETF (NYSEARCA:ILCG)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $117.59 and last traded at $117.51, with a volume of 8475 shares changing hands. The stock had previously closed at $116.99.

iShares Morningstar Growth ETF Stock Performance

The company has a market capitalization of $3.14 billion, a P/E ratio of 38.10 and a beta of 1.22. The firm’s fifty day moving average is $106.32 and its 200-day moving average is $104.31.

Institutional Investors Weigh In On iShares Morningstar Growth ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Arkadios Wealth Advisors grew its holdings in shares of iShares Morningstar Growth ETF by 0.4% during the 1st quarter. Arkadios Wealth Advisors now owns 23,722 shares of the company’s stock valued at $2,265,000 after purchasing an additional 94 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of iShares Morningstar Growth ETF by 0.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 11,096 shares of the company’s stock valued at $1,059,000 after purchasing an additional 96 shares during the last quarter. Savant Capital LLC grew its holdings in shares of iShares Morningstar Growth ETF by 0.4% during the 4th quarter. Savant Capital LLC now owns 26,769 shares of the company’s stock valued at $2,785,000 after purchasing an additional 107 shares during the last quarter. Beacon Financial Advisory LLC grew its holdings in shares of iShares Morningstar Growth ETF by 0.6% during the 1st quarter. Beacon Financial Advisory LLC now owns 19,386 shares of the company’s stock valued at $1,851,000 after purchasing an additional 107 shares during the last quarter. Finally, Signature Equity Partners LLC grew its holdings in shares of iShares Morningstar Growth ETF by 18.5% during the 1st quarter. Signature Equity Partners LLC now owns 684 shares of the company’s stock valued at $65,000 after purchasing an additional 107 shares during the last quarter.

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.