Ipsen Advisor Group LLC Has $5.61 Million Stake in iShares Morningstar Growth ETF $ILCG

Ipsen Advisor Group LLC cut its position in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 20.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 53,924 shares of the company’s stock after selling 13,864 shares during the period. iShares Morningstar Growth ETF comprises 4.0% of Ipsen Advisor Group LLC’s portfolio, making the stock its 6th biggest holding. Ipsen Advisor Group LLC’s holdings in iShares Morningstar Growth ETF were worth $5,610,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of ILCG. Royal Bank of Canada grew its holdings in shares of iShares Morningstar Growth ETF by 1.7% during the first quarter. Royal Bank of Canada now owns 84,928 shares of the company’s stock worth $6,878,000 after buying an additional 1,444 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in iShares Morningstar Growth ETF by 11.5% during the first quarter. Goldman Sachs Group Inc. now owns 6,880 shares of the company’s stock valued at $557,000 after purchasing an additional 710 shares during the last quarter. Marshall Wace LLP acquired a new position in iShares Morningstar Growth ETF during the second quarter valued at approximately $740,000. Brown Advisory Inc. acquired a new position in iShares Morningstar Growth ETF during the second quarter valued at approximately $296,000. Finally, Cerity Partners LLC acquired a new position in iShares Morningstar Growth ETF during the second quarter valued at approximately $239,000.

iShares Morningstar Growth ETF Stock Performance

Shares of NYSEARCA ILCG opened at $113.96 on Friday. The stock has a 50 day moving average price of $109.23 and a 200 day moving average price of $104.99. iShares Morningstar Growth ETF has a 52 week low of $91.26 and a 52 week high of $120.57. The stock has a market capitalization of $3.03 billion, a PE ratio of 38.10 and a beta of 1.22.

iShares Morningstar Growth ETF 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.