iShares Morningstar Growth ETF (NYSEARCA:ILCG) Hits New 52-Week High – Still a Buy?

iShares Morningstar Growth ETF (NYSEARCA:ILCG) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $87.61 and last traded at $87.58, with a volume of 7587 shares changing hands. The stock had previously closed at $85.74.

iShares Morningstar Growth ETF Trading Up 2.8 %

The stock has a 50-day simple moving average of $83.45 and a 200 day simple moving average of $80.52. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 38.76 and a beta of 1.24.

Institutional Investors Weigh In On iShares Morningstar Growth ETF

Large investors have recently added to or reduced their stakes in the stock. Pineridge Advisors LLC bought a new position in shares of iShares Morningstar Growth ETF during the 2nd quarter worth approximately $25,000. Larson Financial Group LLC acquired a new stake in shares of iShares Morningstar Growth ETF in the 2nd quarter valued at about $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares Morningstar Growth ETF in the second quarter valued at about $121,000. Spectrum Wealth Advisory Group LLC bought a new stake in shares of iShares Morningstar Growth ETF in the second quarter valued at about $204,000. Finally, Mathes Company Inc. acquired a new position in shares of iShares Morningstar Growth ETF during the third quarter worth about $210,000.

About iShares Morningstar Growth ETF

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.