iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sees Large Volume Increase – Time to Buy?

iShares Morningstar Growth ETF (NYSEARCA:ILCG) shares saw unusually-high trading volume on Thursday . Approximately 375,405 shares were traded during trading, an increase of 348% from the previous session’s volume of 83,856 shares.The stock last traded at $115.26 and had previously closed at $115.45.

iShares Morningstar Growth ETF Trading Up 0.3%

The stock has a market capitalization of $3.19 billion, a P/E ratio of 38.10 and a beta of 1.23. The company has a 50-day moving average price of $114.89 and a two-hundred day moving average price of $109.08.

Institutional Investors Weigh In On iShares Morningstar Growth ETF

Hedge funds have recently added to or reduced their stakes in the business. NBT Bank N A NY lifted its stake in iShares Morningstar Growth ETF by 175.0% in the first quarter. NBT Bank N A NY now owns 286 shares of the company’s stock valued at $27,000 after buying an additional 182 shares during the period. Parallel Advisors LLC acquired a new stake in shares of iShares Morningstar Growth ETF during the 3rd quarter worth approximately $37,000. O Shaughnessy Asset Management LLC increased its stake in shares of iShares Morningstar Growth ETF by 1,250.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 378 shares of the company’s stock valued at $39,000 after acquiring an additional 350 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of iShares Morningstar Growth ETF in the 4th quarter valued at $56,000. Finally, Signature Equity Partners LLC increased its stake in shares of iShares Morningstar Growth ETF by 18.5% in the 1st quarter. Signature Equity Partners LLC now owns 684 shares of the company’s stock valued at $65,000 after acquiring an additional 107 shares in the last quarter.

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.