iShares Morningstar Growth ETF (NYSEARCA:ILCG) Holdings Lowered by Raymond James & Associates

Raymond James & Associates cut its stake in iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,449 shares of the company’s stock after selling 1,496 shares during the period. Raymond James & Associates owned approximately 0.35% of iShares Morningstar Growth ETF worth $8,274,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. LPL Financial LLC grew its position in iShares Morningstar Growth ETF by 7.8% in the second quarter. LPL Financial LLC now owns 1,361,772 shares of the company’s stock worth $110,862,000 after buying an additional 98,743 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in shares of iShares Morningstar Growth ETF by 1,453.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 853,847 shares of the company’s stock valued at $695,000 after purchasing an additional 798,883 shares during the period. AdvisorShares Investments LLC purchased a new position in iShares Morningstar Growth ETF in the 2nd quarter worth about $40,618,000. Commonwealth Equity Services LLC lifted its stake in iShares Morningstar Growth ETF by 6.9% during the second quarter. Commonwealth Equity Services LLC now owns 472,360 shares of the company’s stock valued at $38,455,000 after buying an additional 30,539 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of iShares Morningstar Growth ETF by 56.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 295,269 shares of the company’s stock worth $24,038,000 after acquiring an additional 106,146 shares in the last quarter.

iShares Morningstar Growth ETF Stock Performance

iShares Morningstar Growth ETF stock opened at $86.80 on Wednesday. iShares Morningstar Growth ETF has a 52 week low of $57.79 and a 52 week high of $87.05. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 38.76 and a beta of 1.24. The company has a 50 day moving average price of $83.15 and a 200 day moving average price of $80.08.

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.