Patten & Patten Inc. TN Takes Position in iShares Morningstar Growth ETF $ILCG

Patten & Patten Inc. TN purchased a new stake in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,222 shares of the company’s stock, valued at approximately $649,000.

Other hedge funds also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC boosted its stake in iShares Morningstar Growth ETF by 9,590.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 251,940 shares of the company’s stock valued at $24,413,000 after purchasing an additional 249,340 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of iShares Morningstar Growth ETF by 191.4% in the second quarter. Envestnet Asset Management Inc. now owns 304,261 shares of the company’s stock worth $29,483,000 after purchasing an additional 199,835 shares during the last quarter. Goodman Advisory Group LLC bought a new position in shares of iShares Morningstar Growth ETF during the second quarter valued at $17,925,000. GM Advisory Group LLC boosted its position in shares of iShares Morningstar Growth ETF by 182.2% during the second quarter. GM Advisory Group LLC now owns 246,525 shares of the company’s stock valued at $23,888,000 after buying an additional 159,159 shares during the last quarter. Finally, B&D White Capital Company LLC boosted its position in shares of iShares Morningstar Growth ETF by 39.4% during the third quarter. B&D White Capital Company LLC now owns 485,997 shares of the company’s stock valued at $50,689,000 after buying an additional 137,302 shares during the last quarter.

iShares Morningstar Growth ETF Stock Performance

Shares of NYSEARCA:ILCG opened at $104.49 on Monday. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 38.10 and a beta of 1.16. The business has a 50-day simple moving average of $104.00 and a two-hundred day simple moving average of $102.96. iShares Morningstar Growth ETF has a fifty-two week low of $69.47 and a fifty-two week high of $109.22.

iShares Morningstar Growth ETF Company 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.