Wharton Business Group LLC Lowers Stock Holdings in iShares Morningstar Growth ETF (NYSEARCA:ILCG)

Wharton Business Group LLC lessened its position in iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,400 shares of the company’s stock after selling 585 shares during the quarter. Wharton Business Group LLC’s holdings in iShares Morningstar Growth ETF were worth $663,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new stake in iShares Morningstar Growth ETF during the 3rd quarter worth approximately $45,000. McCarthy & Cox purchased a new stake in shares of iShares Morningstar Growth ETF during the fourth quarter worth $202,000. Mathes Company Inc. acquired a new stake in shares of iShares Morningstar Growth ETF in the third quarter valued at $210,000. Good Life Advisors LLC purchased a new position in iShares Morningstar Growth ETF in the fourth quarter valued at $215,000. Finally, JGP Wealth Management LLC purchased a new position in iShares Morningstar Growth ETF in the fourth quarter valued at $225,000.

iShares Morningstar Growth ETF Price Performance

Shares of NYSEARCA ILCG opened at $90.66 on Monday. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 38.76 and a beta of 1.24. The stock’s 50-day moving average is $91.78 and its two-hundred day moving average is $87.46. iShares Morningstar Growth ETF has a 1-year low of $70.48 and a 1-year high of $94.61.

iShares Morningstar Growth ETF 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.