iShares Morningstar Growth ETF (NYSEARCA:ILCG) Hits New 12-Month High – Time to Buy?

iShares Morningstar Growth ETF (NYSEARCA:ILCG)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $115.15 and last traded at $115.00, with a volume of 29821 shares trading hands. The stock had previously closed at $114.82.

iShares Morningstar Growth ETF Stock Up 1.0%

The company has a market cap of $3.08 billion, a PE ratio of 38.10 and a beta of 1.22. The stock has a 50-day simple moving average of $102.96 and a 200 day simple moving average of $103.61.

Institutional Investors Weigh In On iShares Morningstar Growth ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ILCG. LPL Financial LLC raised its holdings in shares of iShares Morningstar Growth ETF by 6.7% in the 4th quarter. LPL Financial LLC now owns 1,381,151 shares of the company’s stock valued at $143,695,000 after buying an additional 86,680 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Morningstar Growth ETF by 794.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 802,192 shares of the company’s stock valued at $83,460,000 after buying an additional 712,505 shares during the period. Wells Fargo & Company MN raised its holdings in shares of iShares Morningstar Growth ETF by 6.1% in the 4th quarter. Wells Fargo & Company MN now owns 718,042 shares of the company’s stock valued at $74,705,000 after buying an additional 41,028 shares during the period. Clearstead Trust LLC raised its holdings in shares of iShares Morningstar Growth ETF by 12.5% in the 1st quarter. Clearstead Trust LLC now owns 557,871 shares of the company’s stock valued at $53,265,000 after buying an additional 62,044 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of iShares Morningstar Growth ETF by 6.9% in the 4th quarter. Cetera Investment Advisers now owns 528,445 shares of the company’s stock valued at $54,979,000 after buying an additional 33,948 shares during the period.

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.