iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sees Unusually-High Trading Volume – Should You Buy?

iShares Morningstar Growth ETF (NYSEARCA:ILCG) saw an uptick in trading volume on Monday . 201,517 shares traded hands during mid-day trading, an increase of 151% from the previous session’s volume of 80,151 shares.The stock last traded at $92.42 and had previously closed at $93.23.

iShares Morningstar Growth ETF Stock Performance

The stock has a market capitalization of $2.58 billion, a P/E ratio of 38.76 and a beta of 1.24. The stock has a 50-day moving average price of $87.26 and a two-hundred day moving average price of $82.98.

Institutional Investors Weigh In On iShares Morningstar Growth ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pineridge Advisors LLC bought a new stake in shares of iShares Morningstar Growth ETF during the second quarter valued at approximately $25,000. J.W. Cole Advisors Inc. grew its position in shares of iShares Morningstar Growth ETF by 4.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 7,582 shares of the company’s stock worth $617,000 after buying an additional 319 shares during the period. Key Financial Inc increased its stake in shares of iShares Morningstar Growth ETF by 12.2% in the 3rd quarter. Key Financial Inc now owns 3,273 shares of the company’s stock worth $275,000 after acquiring an additional 355 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of iShares Morningstar Growth ETF by 6.2% in the 3rd quarter. Global Retirement Partners LLC now owns 6,772 shares of the company’s stock worth $569,000 after acquiring an additional 393 shares in the last quarter. Finally, White Pine Investment CO boosted its stake in iShares Morningstar Growth ETF by 0.7% during the second quarter. White Pine Investment CO now owns 65,070 shares of the company’s stock worth $5,297,000 after acquiring an additional 460 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.