Focus Financial Network Inc. Cuts Stock Position in iShares Morningstar Growth ETF $ILCG

Focus Financial Network Inc. decreased its position in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 19.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,660 shares of the company’s stock after selling 8,400 shares during the period. Focus Financial Network Inc.’s holdings in iShares Morningstar Growth ETF were worth $3,615,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Signaturefd LLC acquired a new stake in shares of iShares Morningstar Growth ETF in the 2nd quarter worth $66,000. AE Wealth Management LLC increased its position in iShares Morningstar Growth ETF by 2,904.7% during the 2nd quarter. AE Wealth Management LLC now owns 61,416 shares of the company’s stock valued at $5,951,000 after buying an additional 59,372 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in iShares Morningstar Growth ETF during the 2nd quarter valued at about $1,635,000. Atria Investments Inc purchased a new stake in iShares Morningstar Growth ETF in the second quarter valued at about $306,000. Finally, Envestnet Asset Management Inc. boosted its holdings in iShares Morningstar Growth ETF by 191.4% in the second quarter. Envestnet Asset Management Inc. now owns 304,261 shares of the company’s stock worth $29,483,000 after acquiring an additional 199,835 shares in the last quarter.

iShares Morningstar Growth ETF Stock Performance

Shares of ILCG stock opened at $103.83 on Friday. iShares Morningstar Growth ETF has a fifty-two week low of $69.47 and a fifty-two week high of $109.22. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 38.10 and a beta of 1.16. The stock’s 50-day simple moving average is $104.29 and its 200-day simple moving average is $101.04.

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.