iShares Morningstar Growth ETF $ILCG Stock Position Decreased by Absolute Capital Management LLC

Absolute Capital Management LLC trimmed its stake in iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 56.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,504 shares of the company’s stock after selling 20,000 shares during the quarter. Absolute Capital Management LLC owned approximately 0.05% of iShares Morningstar Growth ETF worth $1,617,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Laurel Wealth Advisors LLC boosted its position in shares of iShares Morningstar Growth ETF by 9,590.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 251,940 shares of the company’s stock valued at $24,413,000 after purchasing an additional 249,340 shares during the period. Envestnet Asset Management Inc. lifted its stake in iShares Morningstar Growth ETF by 191.4% during the second quarter. Envestnet Asset Management Inc. now owns 304,261 shares of the company’s stock valued at $29,483,000 after buying an additional 199,835 shares in the last quarter. Goodman Advisory Group LLC acquired a new position in shares of iShares Morningstar Growth ETF in the second quarter worth about $17,925,000. GM Advisory Group LLC boosted its holdings in shares of iShares Morningstar Growth ETF by 182.2% in the second quarter. GM Advisory Group LLC now owns 246,525 shares of the company’s stock worth $23,888,000 after buying an additional 159,159 shares during the period. Finally, B&D White Capital Company LLC increased its position in shares of iShares Morningstar Growth ETF by 39.4% in the third quarter. B&D White Capital Company LLC now owns 485,997 shares of the company’s stock worth $50,689,000 after acquiring an additional 137,302 shares in the last quarter.

iShares Morningstar Growth ETF Price Performance

ILCG stock opened at $105.96 on Thursday. The firm has a market capitalization of $2.99 billion, a P/E ratio of 38.10 and a beta of 1.16. iShares Morningstar Growth ETF has a 52-week low of $69.47 and a 52-week high of $109.22. The company’s 50 day simple moving average is $104.23 and its 200-day simple moving average is $103.09.

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.