iShares Morningstar Growth ETF (NYSEARCA:ILCG) Stake Boosted by Kovack Advisors Inc.

Kovack Advisors Inc. raised its holdings in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,059 shares of the company’s stock after purchasing an additional 150 shares during the period. Kovack Advisors Inc.’s holdings in iShares Morningstar Growth ETF were worth $453,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ILCG. Strategic Financial Concepts LLC boosted its position in iShares Morningstar Growth ETF by 8,239.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 838,896 shares of the company’s stock valued at $75,165,000 after purchasing an additional 828,837 shares during the period. JPMorgan Chase & Co. grew its position in shares of iShares Morningstar Growth ETF by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 301,665 shares of the company’s stock worth $25,352,000 after acquiring an additional 15,527 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of iShares Morningstar Growth ETF by 6.6% in the 3rd quarter. MML Investors Services LLC now owns 270,194 shares of the company’s stock worth $22,707,000 after acquiring an additional 16,837 shares during the period. LongView Wealth Management lifted its position in iShares Morningstar Growth ETF by 3.8% in the 4th quarter. LongView Wealth Management now owns 142,676 shares of the company’s stock valued at $12,784,000 after purchasing an additional 5,266 shares during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its stake in iShares Morningstar Growth ETF by 0.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 120,602 shares of the company’s stock valued at $10,806,000 after purchasing an additional 502 shares during the period.

iShares Morningstar Growth ETF Trading Up 1.7 %

Shares of NYSEARCA:ILCG opened at $88.43 on Friday. The firm’s 50 day moving average is $91.48 and its two-hundred day moving average is $87.71. The firm has a market capitalization of $2.47 billion, a P/E ratio of 38.76 and a beta of 1.24. iShares Morningstar Growth ETF has a 52 week low of $70.48 and a 52 week high of $94.61.

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.