Cornerstone Wealth Management LLC Acquires 2,705 Shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG)

Cornerstone Wealth Management LLC raised its holdings in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 2.4% in the first quarter, Holdings Channel reports. The institutional investor owned 116,897 shares of the company’s stock after buying an additional 2,705 shares during the quarter. iShares Morningstar Growth ETF accounts for about 0.7% of Cornerstone Wealth Management LLC’s portfolio, making the stock its 27th biggest holding. Cornerstone Wealth Management LLC’s holdings in iShares Morningstar Growth ETF were worth $8,823,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ILCG. Kestra Advisory Services LLC boosted its holdings in iShares Morningstar Growth ETF by 5.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 4,476 shares of the company’s stock valued at $267,000 after purchasing an additional 213 shares during the period. Stifel Financial Corp raised its stake in shares of iShares Morningstar Growth ETF by 12.9% in the 3rd quarter. Stifel Financial Corp now owns 54,440 shares of the company’s stock valued at $3,247,000 after buying an additional 6,240 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of iShares Morningstar Growth ETF during the 3rd quarter worth about $502,000. EP Wealth Advisors LLC boosted its position in shares of iShares Morningstar Growth ETF by 125.3% during the 3rd quarter. EP Wealth Advisors LLC now owns 11,875 shares of the company’s stock valued at $708,000 after acquiring an additional 6,604 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its stake 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 acquiring an additional 162 shares during the period.

iShares Morningstar Growth ETF Stock Performance

Shares of ILCG stock traded up $0.78 during trading hours on Thursday, hitting $83.42. The company had a trading volume of 25,168 shares, compared to its average volume of 74,040. iShares Morningstar Growth ETF has a 12 month low of $57.26 and a 12 month high of $83.42. The firm’s fifty day moving average is $78.02 and its 200 day moving average is $74.03. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 38.76 and a beta of 1.24.

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.