Royal Bank of Canada Cuts Stake in iShares Morningstar Growth ETF $ILCG

Royal Bank of Canada cut its stake in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 9.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,416 shares of the company’s stock after selling 10,174 shares during the quarter. Royal Bank of Canada owned about 0.36% of iShares Morningstar Growth ETF worth $9,206,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cetera Investment Advisers boosted its stake in iShares Morningstar Growth ETF by 12.8% in the 1st quarter. Cetera Investment Advisers now owns 596,099 shares of the company’s stock worth $56,916,000 after purchasing an additional 67,654 shares in the last quarter. Signature Equity Partners LLC raised its holdings in iShares Morningstar Growth ETF by 18.5% in the first quarter. Signature Equity Partners LLC now owns 684 shares of the company’s stock worth $65,000 after buying an additional 107 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in iShares Morningstar Growth ETF by 8.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,736 shares of the company’s stock worth $452,000 after buying an additional 353 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of iShares Morningstar Growth ETF by 164.5% in the first quarter. Parallel Advisors LLC now owns 939 shares of the company’s stock worth $90,000 after buying an additional 584 shares in the last quarter. Finally, Hershey Financial Advisers LLC lifted its stake in shares of iShares Morningstar Growth ETF by 19.4% in the first quarter. Hershey Financial Advisers LLC now owns 10,895 shares of the company’s stock worth $1,040,000 after buying an additional 1,767 shares in the last quarter.

iShares Morningstar Growth ETF Price Performance

Shares of ILCG opened at $117.72 on Monday. The company has a market capitalization of $3.27 billion, a P/E ratio of 38.10 and a beta of 1.23. The firm has a 50 day moving average of $114.76 and a 200 day moving average of $108.26. iShares Morningstar Growth ETF has a twelve month low of $91.26 and a twelve month high of $120.57.

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.