Independent Financial Group LLC Takes $658,000 Position in iShares Morningstar Growth ETF $ILCG

Independent Financial Group LLC bought a new position in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,892 shares of the company’s stock, valued at approximately $658,000.

A number of other large investors also recently modified their holdings of the company. Kestra Private Wealth Services LLC grew its position in iShares Morningstar Growth ETF by 0.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 11,096 shares of the company’s stock valued at $1,059,000 after purchasing an additional 96 shares during the period. Savant Capital LLC raised its holdings in iShares Morningstar Growth ETF by 0.4% during the fourth quarter. Savant Capital LLC now owns 26,769 shares of the company’s stock worth $2,785,000 after buying an additional 107 shares during the last quarter. Beacon Financial Advisory LLC raised its holdings in iShares Morningstar Growth ETF by 0.6% during the first quarter. Beacon Financial Advisory LLC now owns 19,386 shares of the company’s stock worth $1,851,000 after buying an additional 107 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of iShares Morningstar Growth ETF by 5.9% in the fourth quarter. Fifth Third Bancorp now owns 1,960 shares of the company’s stock valued at $204,000 after buying an additional 110 shares in the last quarter. Finally, Spire Wealth Management lifted its stake in shares of iShares Morningstar Growth ETF by 23.8% in the fourth quarter. Spire Wealth Management now owns 630 shares of the company’s stock valued at $66,000 after buying an additional 121 shares in the last quarter.

iShares Morningstar Growth ETF Price Performance

Shares of NYSEARCA ILCG opened at $114.14 on Thursday. The stock has a market capitalization of $3.17 billion, a P/E ratio of 38.10 and a beta of 1.22. The company has a 50-day moving average price of $115.47 and a 200-day moving average price of $107.58. iShares Morningstar Growth ETF has a 1 year low of $91.26 and a 1 year high of $120.57.

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.