Hershey Financial Advisers LLC Acquires New Stake in iShares Morningstar Growth ETF $ILCG

Hershey Financial Advisers LLC bought a new stake in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 36,986 shares of the company’s stock, valued at approximately $3,584,000. iShares Morningstar Growth ETF accounts for 3.2% of Hershey Financial Advisers LLC’s portfolio, making the stock its 10th biggest position. Hershey Financial Advisers LLC owned 0.13% of iShares Morningstar Growth ETF at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. lifted its position in shares of iShares Morningstar Growth ETF by 0.8% during the first quarter. Raymond James Financial Inc. now owns 308,228 shares of the company’s stock worth $24,963,000 after purchasing an additional 2,444 shares in the last quarter. GM Advisory Group LLC increased its stake in iShares Morningstar Growth ETF by 381.8% during the 1st quarter. GM Advisory Group LLC now owns 87,366 shares of the company’s stock worth $7,076,000 after buying an additional 69,233 shares during the period. CW Advisors LLC acquired a new stake in iShares Morningstar Growth ETF during the 1st quarter worth approximately $8,198,000. Northwestern Mutual Wealth Management Co. boosted its position in iShares Morningstar Growth ETF by 72.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 81,646 shares of the company’s stock valued at $6,612,000 after buying an additional 34,331 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of iShares Morningstar Growth ETF by 1.7% in the first quarter. Royal Bank of Canada now owns 84,928 shares of the company’s stock worth $6,878,000 after acquiring an additional 1,444 shares in the last quarter.

iShares Morningstar Growth ETF Trading Down 1.7%

NYSEARCA:ILCG opened at $103.22 on Friday. iShares Morningstar Growth ETF has a 12-month low of $69.47 and a 12-month high of $109.22. The firm has a market cap of $3.01 billion, a PE ratio of 38.10 and a beta of 1.16. The stock has a fifty day moving average price of $104.50 and a 200 day moving average price of $100.70.

iShares Morningstar Growth ETF 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.