iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sees Unusually-High Trading Volume – Should You Buy?

iShares Morningstar Growth ETF (NYSEARCA:ILCG) saw unusually-high trading volume on Thursday. Approximately 240,794 shares traded hands during mid-day trading, an increase of 196% from the previous session’s volume of 81,334 shares. The stock last traded at $118.19 and had previously closed at $120.05.

iShares Morningstar Growth ETF Trading Down 1.3%

The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 38.10 and a beta of 1.22. The firm’s fifty day simple moving average is $115.97 and its two-hundred day simple moving average is $112.60.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ILCG. NBT Bank N A NY grew its stake in iShares Morningstar Growth ETF by 175.0% during the 1st quarter. NBT Bank N A NY now owns 286 shares of the company’s stock worth $27,000 after buying an additional 182 shares during the last quarter. CX Institutional acquired a new position in shares of iShares Morningstar Growth ETF during the 3rd quarter worth $54,000. Signature Equity Partners LLC raised its holdings in shares of iShares Morningstar Growth ETF by 18.5% in the first quarter. Signature Equity Partners LLC now owns 684 shares of the company’s stock worth $65,000 after acquiring an additional 107 shares during the last quarter. Parallel Advisors LLC raised its holdings in iShares Morningstar Growth ETF by 164.5% in the 1st quarter. Parallel Advisors LLC now owns 939 shares of the company’s stock valued at $90,000 after acquiring an additional 584 shares during the last quarter. Finally, Pathway Financial Advisors LLC purchased a new stake in iShares Morningstar Growth ETF in the second quarter valued at approximately $206,000.

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.