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

iShares Morningstar Growth ETF (NYSEARCA:ILCG) saw strong trading volume on Wednesday . 376,576 shares traded hands during mid-day trading, an increase of 339% from the previous session’s volume of 85,757 shares.The stock last traded at $115.04 and had previously closed at $113.55.

iShares Morningstar Growth ETF Stock Up 1.3%

The firm has a market capitalization of $3.06 billion, a P/E ratio of 38.10 and a beta of 1.22. The business’s 50-day simple moving average is $104.41 and its 200 day simple moving average is $103.90.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

A number of large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its stake in iShares Morningstar Growth ETF by 794.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 802,192 shares of the company’s stock worth $83,460,000 after purchasing an additional 712,505 shares during the last quarter. Valpey Financial Services LLC grew its stake in shares of iShares Morningstar Growth ETF by 10,289.4% during the fourth quarter. Valpey Financial Services LLC now owns 474,901 shares of the company’s stock valued at $49,409,000 after buying an additional 470,330 shares during the last quarter. AdvisorShares Investments LLC purchased a new position in shares of iShares Morningstar Growth ETF in the third quarter worth about $41,913,000. Private Advisor Group LLC increased its holdings in shares of iShares Morningstar Growth ETF by 376.5% in the third quarter. Private Advisor Group LLC now owns 113,848 shares of the company’s stock worth $11,874,000 after buying an additional 89,955 shares during the period. Finally, LPL Financial LLC lifted its stake 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 acquiring an additional 86,680 shares during 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.