iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sees Large Volume Increase

iShares Morningstar Growth ETF (NYSEARCA:ILCG) shares saw unusually-high trading volume on Monday . Approximately 82,742 shares changed hands during trading, an increase of 26% from the previous session’s volume of 65,424 shares.The stock last traded at $73.50 and had previously closed at $73.48.

iShares Morningstar Growth ETF Trading Up 0.3 %

The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 36.44 and a beta of 1.21. The stock’s 50 day moving average price is $74.18 and its 200 day moving average price is $68.92.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC increased its stake in iShares Morningstar Growth ETF by 6.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,550 shares of the company’s stock valued at $173,000 after acquiring an additional 150 shares during the last quarter. Sunbelt Securities Inc. boosted its position in iShares Morningstar Growth ETF by 3.1% in the third quarter. Sunbelt Securities Inc. now owns 5,452 shares of the company’s stock valued at $325,000 after buying an additional 162 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its position in iShares Morningstar Growth ETF by 0.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 73,723 shares of the company’s stock valued at $4,398,000 after buying an additional 200 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its position in iShares Morningstar Growth ETF by 1.2% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 17,075 shares of the company’s stock valued at $1,158,000 after buying an additional 200 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its position in iShares Morningstar Growth ETF by 5.0% in the third quarter. Kestra Advisory Services LLC now owns 4,476 shares of the company’s stock valued at $267,000 after buying an additional 213 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.