AE Wealth Management LLC Purchases Shares of 81,564 iShares Morningstar Growth ETF (NYSEARCA:ILCG)

AE Wealth Management LLC acquired a new position in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 81,564 shares of the company’s stock, valued at approximately $6,640,000. AE Wealth Management LLC owned approximately 0.29% of iShares Morningstar Growth ETF at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of ILCG. Mercer Global Advisors Inc. ADV acquired a new position in shares of iShares Morningstar Growth ETF in the second quarter worth $386,000. Prime Capital Investment Advisors LLC raised its stake in iShares Morningstar Growth ETF by 4.5% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 93,635 shares of the company’s stock valued at $7,623,000 after purchasing an additional 3,999 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in iShares Morningstar Growth ETF by 4.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 7,582 shares of the company’s stock valued at $617,000 after purchasing an additional 319 shares during the last quarter. LPL Financial LLC lifted its holdings in iShares Morningstar Growth ETF by 7.8% in the 2nd quarter. LPL Financial LLC now owns 1,361,772 shares of the company’s stock valued at $110,862,000 after purchasing an additional 98,743 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new stake in shares of iShares Morningstar Growth ETF during the 2nd quarter worth about $40,618,000.

iShares Morningstar Growth ETF Price Performance

NYSEARCA:ILCG opened at $83.51 on Friday. iShares Morningstar Growth ETF has a 1-year low of $57.26 and a 1-year high of $85.17. The firm has a 50 day simple moving average of $80.25 and a 200-day simple moving average of $78.16. The firm has a market cap of $2.33 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.