Optivise Advisory Services LLC Invests $805,000 in iShares Morningstar Growth ETF (NYSEARCA:ILCG)

Optivise Advisory Services LLC acquired a new position in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,583 shares of the company’s stock, valued at approximately $805,000.

Other hedge funds have also bought and sold shares of the company. Strategic Financial Concepts LLC boosted its holdings in shares of iShares Morningstar Growth ETF by 1,453.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 853,847 shares of the company’s stock worth $695,000 after buying an additional 798,883 shares in the last quarter. AdvisorShares Investments LLC acquired a new stake in iShares Morningstar Growth ETF in the second quarter worth $40,618,000. Private Advisor Group LLC increased its stake in iShares Morningstar Growth ETF by 394.9% in the second quarter. Private Advisor Group LLC now owns 136,803 shares of the company’s stock valued at $11,137,000 after purchasing an additional 109,161 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of iShares Morningstar Growth ETF by 56.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 295,269 shares of the company’s stock valued at $24,038,000 after purchasing an additional 106,146 shares during the period. Finally, LPL Financial LLC boosted its position in shares of iShares Morningstar Growth ETF by 7.8% during the 2nd quarter. LPL Financial LLC now owns 1,361,772 shares of the company’s stock worth $110,862,000 after purchasing an additional 98,743 shares in the last quarter.

iShares Morningstar Growth ETF Price Performance

Shares of ILCG opened at $89.27 on Friday. The stock has a 50-day moving average of $85.75 and a 200-day moving average of $81.87. iShares Morningstar Growth ETF has a one year low of $64.45 and a one year high of $90.66. The company has a market cap of $2.50 billion, a PE ratio of 38.76 and a beta of 1.24.

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.