Merited Wealth LLC Purchases New Position in iShares Morningstar Growth ETF $ILCG

Merited Wealth LLC purchased a new stake in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,129 shares of the company’s stock, valued at approximately $490,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in iShares Morningstar Growth ETF by 1.7% during the first quarter. Royal Bank of Canada now owns 84,928 shares of the company’s stock worth $6,878,000 after buying an additional 1,444 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in iShares Morningstar Growth ETF by 11.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,880 shares of the company’s stock valued at $557,000 after acquiring an additional 710 shares in the last quarter. Marshall Wace LLP bought a new position in iShares Morningstar Growth ETF during the 2nd quarter valued at $740,000. Brown Advisory Inc. purchased a new position in iShares Morningstar Growth ETF during the 2nd quarter worth $296,000. Finally, Cerity Partners LLC bought a new stake in shares of iShares Morningstar Growth ETF in the 2nd quarter worth $239,000.

iShares Morningstar Growth ETF Price Performance

NYSEARCA ILCG opened at $115.66 on Thursday. The company has a fifty day moving average price of $114.57 and a 200-day moving average price of $106.47. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 38.10 and a beta of 1.22. iShares Morningstar Growth ETF has a 1 year low of $91.26 and a 1 year high of $120.57.

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.