iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sees Large Volume Increase – Time to Buy?

iShares Morningstar Growth ETF (NYSEARCA:ILCG) shares saw an uptick in trading volume on Monday. Approximately 107,754 shares were traded during trading, an increase of 34% from the average daily volume of 80,401 shares. The stock last traded at $107.3870 and had previously closed at $104.71.

iShares Morningstar Growth ETF Price Performance

The business has a 50 day simple moving average of $114.51 and a 200 day simple moving average of $110.50. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 38.10 and a beta of 1.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ILCG. Envestnet Asset Management Inc. raised its position in iShares Morningstar Growth ETF by 71.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,021,655 shares of the company’s stock worth $119,558,000 after acquiring an additional 424,099 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of iShares Morningstar Growth ETF by 12.8% during the 1st quarter. Cetera Investment Advisers now owns 596,099 shares of the company’s stock worth $56,916,000 after acquiring an additional 67,654 shares in the last quarter. FAS Wealth Partners Inc. boosted its holdings in shares of iShares Morningstar Growth ETF by 1.1% in the 1st quarter. FAS Wealth Partners Inc. now owns 592,851 shares of the company’s stock valued at $56,605,000 after purchasing an additional 6,217 shares in the last quarter. Clearstead Trust LLC grew its position in iShares Morningstar Growth ETF by 12.5% in the first quarter. Clearstead Trust LLC now owns 557,871 shares of the company’s stock valued at $53,265,000 after acquiring an additional 62,044 shares during the last quarter. Finally, B&D White Capital Company LLC acquired a new position in iShares Morningstar Growth ETF during the 3rd quarter worth approximately $49,731,000.

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.