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

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

iShares Morningstar Growth ETF Stock Down 0.1 %

The business has a fifty day simple moving average of $88.02 and a 200 day simple moving average of $83.32. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 38.76 and a beta of 1.24.

Institutional Investors Weigh In On iShares Morningstar Growth ETF

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

iShares Morningstar Growth ETF Company Profile

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.