AdvisorShares Investments LLC purchased a new stake in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG – Free Report) during the second quarter, Holdings Channel reports. The institutional investor purchased 495,156 shares of the company’s stock, valued at approximately $40,618,000. iShares Morningstar Growth ETF makes up approximately 7.1% of AdvisorShares Investments LLC’s investment portfolio, making the stock its 3rd biggest position.
Several other large investors have also recently bought and sold shares of the business. Pineridge Advisors LLC purchased a new position in iShares Morningstar Growth ETF during the 2nd quarter valued at about $25,000. Larson Financial Group LLC acquired a new stake in shares of iShares Morningstar Growth ETF during the second quarter worth approximately $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares Morningstar Growth ETF during the second quarter worth approximately $121,000. Spectrum Wealth Advisory Group LLC purchased a new position in iShares Morningstar Growth ETF during the second quarter valued at approximately $204,000. Finally, Kaydan Wealth Management Inc. acquired a new position in iShares Morningstar Growth ETF in the 1st quarter valued at approximately $208,000.
iShares Morningstar Growth ETF Stock Up 1.0 %
ILCG stock opened at $79.33 on Wednesday. The company has a 50 day moving average of $80.52 and a two-hundred day moving average of $77.76. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 38.76 and a beta of 1.24. iShares Morningstar Growth ETF has a 12-month low of $57.26 and a 12-month high of $85.17.
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.
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Want to see what other hedge funds are holding ILCG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Morningstar Growth ETF (NYSEARCA:ILCG – Free Report).
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