106,553 Shares of iShares Morningstar Growth ETF $ILCG Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC bought a new position in iShares Morningstar Growth ETF (NYSEARCA:ILCG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 106,553 shares of the company’s stock, valued at approximately $12,464,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ILCG. NBT Bank N.A. bought a new position in iShares Morningstar Growth ETF during the third quarter valued at approximately $25,000. Parallel Advisors LLC purchased a new position in shares of iShares Morningstar Growth ETF during the third quarter worth approximately $32,000. CX Institutional bought a new stake in shares of iShares Morningstar Growth ETF in the 3rd quarter worth approximately $54,000. Salomon & Ludwin LLC bought a new stake in shares of iShares Morningstar Growth ETF in the 3rd quarter worth approximately $58,000. Finally, Costello Asset Management INC bought a new stake in shares of iShares Morningstar Growth ETF in the 3rd quarter worth approximately $67,000.

iShares Morningstar Growth ETF Stock Performance

Shares of iShares Morningstar Growth ETF stock opened at $107.11 on Wednesday. iShares Morningstar Growth ETF has a 52-week low of $91.26 and a 52-week high of $121.11. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 38.10 and a beta of 1.23. The company has a fifty day moving average of $114.51 and a 200-day moving average of $110.50.

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.