Ameriprise Financial Inc. Raises Position in iShares Morningstar Growth ETF (NYSEARCA:ILCG)

Ameriprise Financial Inc. lifted its stake in iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 357,235 shares of the company’s stock after purchasing an additional 16,226 shares during the quarter. Ameriprise Financial Inc. owned about 1.28% of iShares Morningstar Growth ETF worth $32,042,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. LPL Financial LLC lifted its stake in iShares Morningstar Growth ETF by 12.9% in the fourth quarter. LPL Financial LLC now owns 1,418,807 shares of the company’s stock worth $127,125,000 after purchasing an additional 162,468 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of iShares Morningstar Growth ETF by 8,239.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 838,896 shares of the company’s stock worth $75,165,000 after buying an additional 828,837 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of iShares Morningstar Growth ETF by 3.3% during the 4th quarter. JPMorgan Chase & Co. now owns 311,597 shares of the company’s stock worth $27,919,000 after acquiring an additional 9,932 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares Morningstar Growth ETF during the 4th quarter worth approximately $27,398,000. Finally, MML Investors Services LLC boosted its holdings in iShares Morningstar Growth ETF by 2.5% during the 4th quarter. MML Investors Services LLC now owns 277,029 shares of the company’s stock valued at $24,822,000 after acquiring an additional 6,835 shares during the period.

iShares Morningstar Growth ETF Stock Up 1.6%

ILCG stock opened at $90.28 on Wednesday. iShares Morningstar Growth ETF has a twelve month low of $69.47 and a twelve month high of $94.61. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 31.51 and a beta of 1.18. The business’s fifty day simple moving average is $81.24 and its two-hundred day simple moving average is $87.26.

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.