Cornerstone Wealth Management LLC Has $10.09 Million Holdings in iShares Morningstar Growth ETF (NYSEARCA:ILCG)

Cornerstone Wealth Management LLC boosted its holdings in iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 4.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 120,100 shares of the company’s stock after purchasing an additional 4,725 shares during the quarter. iShares Morningstar Growth ETF accounts for 0.7% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 26th biggest holding. Cornerstone Wealth Management LLC’s holdings in iShares Morningstar Growth ETF were worth $10,093,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Pineridge Advisors LLC bought a new stake in shares of iShares Morningstar Growth ETF in the 2nd quarter worth $25,000. Larson Financial Group LLC purchased a new stake in iShares Morningstar Growth ETF in the 2nd quarter valued at about $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of iShares Morningstar Growth ETF during the 2nd quarter worth approximately $121,000. Spectrum Wealth Advisory Group LLC purchased a new position in shares of iShares Morningstar Growth ETF in the 2nd quarter worth approximately $204,000. Finally, Nations Financial Group Inc. IA ADV bought a new position in shares of iShares Morningstar Growth ETF in the second quarter valued at approximately $208,000.

iShares Morningstar Growth ETF Price Performance

NYSEARCA ILCG opened at $85.38 on Thursday. iShares Morningstar Growth ETF has a one year low of $57.26 and a one year high of $86.21. The business’s fifty day moving average is $81.99 and its 200-day moving average is $79.35. The stock has a market capitalization of $2.39 billion, a price-to-earnings 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.