Cornerstone Wealth Management LLC Grows Stock Position in iShares Morningstar Growth ETF (NYSEARCA:ILCG)

Cornerstone Wealth Management LLC increased its holdings in iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 0.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 120,602 shares of the company’s stock after acquiring an additional 502 shares during the period. iShares Morningstar Growth ETF makes up about 0.7% of Cornerstone Wealth Management LLC’s holdings, making the stock its 25th largest holding. Cornerstone Wealth Management LLC owned approximately 0.43% of iShares Morningstar Growth ETF worth $10,806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MidAtlantic Capital Management Inc. purchased a new position in shares of iShares Morningstar Growth ETF during the 3rd quarter worth $45,000. McCarthy & Cox purchased a new position in iShares Morningstar Growth ETF during the fourth quarter worth about $202,000. Mathes Company Inc. acquired a new stake in shares of iShares Morningstar Growth ETF during the third quarter valued at about $210,000. JGP Wealth Management LLC purchased a new stake in shares of iShares Morningstar Growth ETF in the 4th quarter valued at approximately $225,000. Finally, Park Avenue Securities LLC acquired a new position in shares of iShares Morningstar Growth ETF in the 4th quarter worth approximately $241,000.

iShares Morningstar Growth ETF Stock Performance

iShares Morningstar Growth ETF stock opened at $94.23 on Friday. The firm has a 50 day moving average price of $91.01 and a 200 day moving average price of $85.60. iShares Morningstar Growth ETF has a fifty-two week low of $69.37 and a fifty-two week high of $94.25. The company has a market capitalization of $2.63 billion, a PE ratio of 38.76 and a beta of 1.24.

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.