AdvisorShares Investments LLC Invests $41.91 Million in iShares Morningstar Growth ETF $ILCG

AdvisorShares Investments LLC purchased a new position in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 401,848 shares of the company’s stock, valued at approximately $41,913,000. iShares Morningstar Growth ETF comprises approximately 6.8% of AdvisorShares Investments LLC’s portfolio, making the stock its 3rd largest position. AdvisorShares Investments LLC owned about 1.38% of iShares Morningstar Growth ETF at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada increased 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 valued at $6,878,000 after buying an additional 1,444 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in iShares Morningstar Growth ETF by 11.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,880 shares of the company’s stock worth $557,000 after buying an additional 710 shares in the last quarter. GW Henssler & Associates Ltd. grew its holdings in iShares Morningstar Growth ETF by 58.0% during the 2nd quarter. GW Henssler & Associates Ltd. now owns 7,709 shares of the company’s stock worth $747,000 after acquiring an additional 2,831 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in iShares Morningstar Growth ETF by 174.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,392 shares of the company’s stock valued at $716,000 after acquiring an additional 4,702 shares in the last quarter. Finally, JGP Wealth Management LLC raised its stake in shares of iShares Morningstar Growth ETF by 18.6% in the second quarter. JGP Wealth Management LLC now owns 3,497 shares of the company’s stock worth $339,000 after acquiring an additional 548 shares during the last quarter.

iShares Morningstar Growth ETF Trading Up 2.6%

Shares of ILCG stock opened at $102.13 on Friday. iShares Morningstar Growth ETF has a 1 year low of $69.47 and a 1 year high of $109.22. The firm’s 50 day moving average is $104.33 and its 200-day moving average is $103.32. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 38.10 and a beta of 1.16.

iShares Morningstar Growth ETF Company 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.