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

iShares Morningstar Growth ETF (NYSEARCA:ILCG)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $93.47 and last traded at $93.44, with a volume of 76868 shares changing hands. The stock had previously closed at $91.94.

iShares Morningstar Growth ETF Price Performance

The company has a market cap of $2.61 billion, a price-to-earnings ratio of 38.76 and a beta of 1.24. The stock has a 50-day moving average price of $87.61 and a 200 day moving average price of $83.19.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. LPL Financial LLC boosted its stake in shares of iShares Morningstar Growth ETF by 7.8% during the 2nd quarter. LPL Financial LLC now owns 1,361,772 shares of the company’s stock worth $110,862,000 after acquiring an additional 98,743 shares during the period. Strategic Financial Concepts LLC boosted its stake in shares of iShares Morningstar Growth ETF by 1,453.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 853,847 shares of the company’s stock worth $695,000 after acquiring an additional 798,883 shares during the period. AdvisorShares Investments LLC bought a new position in shares of iShares Morningstar Growth ETF during the 2nd quarter worth approximately $40,618,000. Commonwealth Equity Services LLC lifted its holdings in iShares Morningstar Growth ETF by 6.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 472,360 shares of the company’s stock worth $38,455,000 after purchasing an additional 30,539 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in iShares Morningstar Growth ETF by 56.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 295,269 shares of the company’s stock worth $24,038,000 after purchasing an additional 106,146 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.