Royal Bank of Canada Has $6.96 Million Position in iShares Morningstar Growth ETF (NYSEARCA:ILCG)

Royal Bank of Canada raised its stake in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG – Get Rating) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,245 shares of the company’s stock after buying an additional 991 shares during the quarter. Royal Bank of Canada owned about 0.49% of iShares Morningstar Growth ETF worth $6,960,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Gradient Investments LLC bought a new position in shares of iShares Morningstar Growth ETF during the 3rd quarter valued at about $29,000. Coastal Investment Advisors Inc. bought a new position in shares of iShares Morningstar Growth ETF during the 3rd quarter valued at about $35,000. SeaCrest Wealth Management LLC bought a new position in shares of iShares Morningstar Growth ETF during the 2nd quarter valued at about $43,000. McClarren Financial Advisors Inc. bought a new position in shares of iShares Morningstar Growth ETF during the 3rd quarter valued at about $100,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of iShares Morningstar Growth ETF during the 2nd quarter valued at about $221,000.

iShares Morningstar Growth ETF Price Performance

NYSEARCA:ILCG opened at $50.93 on Friday. iShares Morningstar Growth ETF has a fifty-two week low of $45.97 and a fifty-two week high of $66.96. The stock has a market capitalization of $1.49 billion, a PE ratio of 27.17 and a beta of 1.06. The business’s 50-day simple moving average is $52.04 and its 200-day simple moving average is $51.26.

About iShares Morningstar Growth ETF

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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.