Brand Asset Management Group Inc. Cuts Holdings in iShares Morningstar Growth ETF (NYSEARCA:ILCG)

Brand Asset Management Group Inc. reduced its holdings in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 0.6% in the 4th quarter, HoldingsChannel reports. The fund owned 35,697 shares of the company’s stock after selling 210 shares during the quarter. iShares Morningstar Growth ETF accounts for approximately 1.3% of Brand Asset Management Group Inc.’s investment portfolio, making the stock its 18th biggest holding. Brand Asset Management Group Inc.’s holdings in iShares Morningstar Growth ETF were worth $3,198,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in iShares Morningstar Growth ETF by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 301,665 shares of the company’s stock valued at $25,352,000 after buying an additional 15,527 shares during the period. FMR LLC increased its position in iShares Morningstar Growth ETF by 4.2% during the 3rd quarter. FMR LLC now owns 30,259 shares of the company’s stock worth $2,543,000 after purchasing an additional 1,209 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of iShares Morningstar Growth ETF by 38.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 55,183 shares of the company’s stock worth $4,926,000 after acquiring an additional 15,405 shares during the period. Hershey Financial Advisers LLC purchased a new position in shares of iShares Morningstar Growth ETF in the 2nd quarter worth about $1,780,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of iShares Morningstar Growth ETF in the second quarter worth $386,000.

iShares Morningstar Growth ETF Stock Up 1.2 %

ILCG opened at $91.51 on Friday. The firm’s 50 day moving average is $90.76 and its 200-day moving average is $85.33. The firm has a market capitalization of $2.56 billion, a P/E ratio of 38.76 and a beta of 1.24. iShares Morningstar Growth ETF has a 52-week low of $67.98 and a 52-week high of $93.81.

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.