Freedom Investment Management Inc. Takes Position in iShares Morningstar Growth ETF (NYSEARCA:ILCG)

Freedom Investment Management Inc. acquired a new position in iShares Morningstar Growth ETF (NYSEARCA:ILCG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 47,934 shares of the company’s stock, valued at approximately $4,295,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. NewEdge Advisors LLC lifted its holdings in iShares Morningstar Growth ETF by 26.2% during the 4th quarter. NewEdge Advisors LLC now owns 11,600 shares of the company’s stock valued at $1,039,000 after buying an additional 2,409 shares in the last quarter. Kane Investment Management Inc. purchased a new stake in shares of iShares Morningstar Growth ETF in the fourth quarter valued at approximately $1,613,000. Mariner LLC raised its position in iShares Morningstar Growth ETF by 8.5% during the 4th quarter. Mariner LLC now owns 95,405 shares of the company’s stock valued at $8,548,000 after purchasing an additional 7,489 shares in the last quarter. Townsquare Capital LLC bought a new position in shares of iShares Morningstar Growth ETF during the 4th quarter worth $215,000. Finally, Raymond James Financial Inc. purchased a new position in shares of iShares Morningstar Growth ETF during the fourth quarter valued at $27,398,000.

iShares Morningstar Growth ETF Price Performance

Shares of iShares Morningstar Growth ETF stock opened at $76.97 on Friday. The firm’s 50-day moving average is $83.83 and its two-hundred day moving average is $87.50. iShares Morningstar Growth ETF has a 1 year low of $69.47 and a 1 year high of $94.61. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 28.54 and a beta of 1.18.

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.