iShares Morningstar Growth ETF (NYSEARCA:ILCG) Sees Unusually-High Trading Volume

Shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG – Get Rating) saw unusually-strong trading volume on Friday . Approximately 198,805 shares changed hands during trading, an increase of 101% from the previous session’s volume of 98,964 shares.The stock last traded at $52.57 and had previously closed at $53.15.

iShares Morningstar Growth ETF Trading Down 0.7 %

The firm has a market cap of $1.55 billion, a P/E ratio of 27.17 and a beta of 1.06. The company’s 50 day simple moving average is $52.43 and its 200-day simple moving average is $51.14.

Hedge Funds Weigh In On iShares Morningstar Growth ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gradient Investments LLC bought a new position in shares of iShares Morningstar Growth ETF in the 3rd quarter worth approximately $29,000. CoreCap Advisors LLC bought a new position in shares of iShares Morningstar Growth ETF in the 4th quarter worth approximately $32,000. Coastal Investment Advisors Inc. bought a new position in shares of iShares Morningstar Growth ETF in the 3rd quarter worth approximately $35,000. SeaCrest Wealth Management LLC bought a new position in shares of iShares Morningstar Growth ETF in the 2nd quarter worth approximately $43,000. Finally, Belpointe Asset Management LLC bought a new position in shares of iShares Morningstar Growth ETF in the 4th quarter worth approximately $73,000.

About iShares Morningstar Growth ETF

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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.