Archer Investment Corp Boosts Position in iShares Morningstar Growth ETF $ILCG

Archer Investment Corp raised its position in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 3,449.4% in the first quarter, Holdings Channel.com reports. The fund owned 5,679 shares of the company’s stock after buying an additional 5,519 shares during the quarter. Archer Investment Corp’s holdings in iShares Morningstar Growth ETF were worth $542,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ILCG. Northwestern Mutual Wealth Management Co. grew its stake in iShares Morningstar Growth ETF by 794.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 802,192 shares of the company’s stock valued at $83,460,000 after purchasing an additional 712,505 shares in the last quarter. Valpey Financial Services LLC lifted its stake in iShares Morningstar Growth ETF by 10,289.4% in the fourth quarter. Valpey Financial Services LLC now owns 474,901 shares of the company’s stock valued at $49,409,000 after buying an additional 470,330 shares during the last quarter. LPL Financial LLC increased its stake in shares of iShares Morningstar Growth ETF by 6.7% in the fourth quarter. LPL Financial LLC now owns 1,381,151 shares of the company’s stock valued at $143,695,000 after purchasing an additional 86,680 shares during the period. Farther Finance Advisors LLC raised its stake in shares of iShares Morningstar Growth ETF by 949.7% during the fourth quarter. Farther Finance Advisors LLC now owns 79,438 shares of the company’s stock valued at $8,265,000 after purchasing an additional 71,870 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in iShares Morningstar Growth ETF by 22.5% during the third quarter. JPMorgan Chase & Co. now owns 376,531 shares of the company’s stock worth $39,272,000 after purchasing an additional 69,279 shares in the last quarter.

iShares Morningstar Growth ETF Trading Down 1.8%

Shares of ILCG opened at $114.43 on Tuesday. The business’s 50-day moving average price is $115.47 and its 200 day moving average price is $107.13. The stock has a market capitalization of $3.18 billion, a P/E ratio of 38.10 and a beta of 1.22. iShares Morningstar Growth ETF has a 1-year low of $91.26 and a 1-year high of $120.57.

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.