iShares Morningstar Growth ETF (NYSEARCA:ILCG) Reaches New 52-Week High – Time to Buy?

iShares Morningstar Growth ETF (NYSEARCA:ILCG)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $93.47 and last traded at $93.44, with a volume of 76868 shares trading hands. The stock had previously closed at $91.94.

iShares Morningstar Growth ETF Price Performance

The company has a market capitalization of $2.59 billion, a PE ratio of 38.76 and a beta of 1.24. The company’s 50 day simple moving average is $88.02 and its 200 day simple moving average is $83.32.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

A number of hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC lifted its holdings in shares of iShares Morningstar Growth ETF by 38.7% during the third quarter. Sanctuary Advisors LLC now owns 55,183 shares of the company’s stock worth $4,926,000 after purchasing an additional 15,405 shares during the period. MML Investors Services LLC lifted its holdings in shares of iShares Morningstar Growth ETF by 6.6% during the third quarter. MML Investors Services LLC now owns 270,194 shares of the company’s stock worth $22,707,000 after purchasing an additional 16,837 shares during the period. Swmg LLC acquired a new stake in shares of iShares Morningstar Growth ETF during the third quarter worth $1,565,000. FMR LLC lifted its holdings in shares of iShares Morningstar Growth ETF by 4.2% during the third quarter. FMR LLC now owns 30,259 shares of the company’s stock worth $2,543,000 after purchasing an additional 1,209 shares during the period. Finally, Jim Saulnier & Associates LLC acquired a new stake in shares of iShares Morningstar Growth ETF during the third quarter worth $2,569,000.

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.