iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sees Large Volume Increase

iShares Morningstar Growth ETF (NYSEARCA:ILCG) saw unusually-strong trading volume on Friday . Approximately 45,688 shares changed hands during mid-day trading, a decline of 29% from the previous session’s volume of 64,460 shares.The stock last traded at $71.64 and had previously closed at $72.25.

iShares Morningstar Growth ETF Trading Down 1.4 %

The firm’s fifty day simple moving average is $74.28 and its 200 day simple moving average is $68.31. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 31.67 and a beta of 1.07.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Harbor Investment Advisory LLC raised its stake in iShares Morningstar Growth ETF by 6.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,550 shares of the company’s stock valued at $173,000 after buying an additional 150 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of iShares Morningstar Growth ETF by 3.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 5,452 shares of the company’s stock worth $325,000 after acquiring an additional 162 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in iShares Morningstar Growth ETF by 5.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,883 shares of the company’s stock worth $263,000 after purchasing an additional 187 shares during the last quarter. HighTower Advisors LLC boosted its holdings in iShares Morningstar Growth ETF by 0.7% in the first quarter. HighTower Advisors LLC now owns 28,328 shares of the company’s stock valued at $1,567,000 after purchasing an additional 190 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC increased its stake in iShares Morningstar Growth ETF by 0.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 73,723 shares of the company’s stock valued at $4,398,000 after purchasing an additional 200 shares during the last quarter.

iShares Morningstar Growth ETF Company 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.