Drake & Associates LLC Invests $651,000 in iShares Morningstar Growth ETF $ILCG

Drake & Associates LLC bought a new stake in iShares Morningstar Growth ETF (NYSEARCA:ILCG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,152 shares of the company’s stock, valued at approximately $651,000.

Other institutional investors have also modified their holdings of the company. Stratos Wealth Advisors LLC grew its holdings in shares of iShares Morningstar Growth ETF by 11.1% in the third quarter. Stratos Wealth Advisors LLC now owns 2,793 shares of the company’s stock valued at $291,000 after purchasing an additional 278 shares during the period. Prospera Financial Services Inc purchased a new stake in iShares Morningstar Growth ETF in the third quarter valued at $2,248,000. Roman Butler Fullerton & Co. lifted its stake in shares of iShares Morningstar Growth ETF by 7.4% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 12,742 shares of the company’s stock valued at $1,388,000 after purchasing an additional 875 shares during the last quarter. AdvisorShares Investments LLC purchased a new position in shares of iShares Morningstar Growth ETF during the 3rd quarter worth $41,913,000. Finally, Key Financial Inc lifted its position in iShares Morningstar Growth ETF by 7.9% in the third quarter. Key Financial Inc now owns 7,380 shares of the company’s stock valued at $772,000 after buying an additional 540 shares during the last quarter.

iShares Morningstar Growth ETF Price Performance

Shares of ILCG opened at $102.65 on Thursday. iShares Morningstar Growth ETF has a 1-year low of $69.47 and a 1-year high of $109.22. The stock has a market cap of $2.90 billion, a PE ratio of 38.10 and a beta of 1.16. The firm has a 50-day simple moving average of $104.26 and a two-hundred day simple moving average of $103.39.

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.