AdvisorShares Investments LLC Invests $41.91 Million in iShares Morningstar Growth ETF $ILCG

AdvisorShares Investments LLC acquired a new position in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 401,848 shares of the company’s stock, valued at approximately $41,913,000. iShares Morningstar Growth ETF makes up approximately 6.8% of AdvisorShares Investments LLC’s holdings, making the stock its 3rd biggest position.

Other institutional investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC boosted its position in iShares Morningstar Growth ETF by 9,590.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 251,940 shares of the company’s stock worth $24,413,000 after acquiring an additional 249,340 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in iShares Morningstar Growth ETF by 191.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 304,261 shares of the company’s stock worth $29,483,000 after purchasing an additional 199,835 shares during the last quarter. Goodman Advisory Group LLC bought a new stake in shares of iShares Morningstar Growth ETF in the second quarter valued at about $17,925,000. GM Advisory Group LLC raised its position in shares of iShares Morningstar Growth ETF by 182.2% in the second quarter. GM Advisory Group LLC now owns 246,525 shares of the company’s stock valued at $23,888,000 after buying an additional 159,159 shares in the last quarter. Finally, B&D White Capital Company LLC grew its stake in iShares Morningstar Growth ETF by 39.4% during the third quarter. B&D White Capital Company LLC now owns 485,997 shares of the company’s stock worth $50,689,000 after buying an additional 137,302 shares in the last quarter.

iShares Morningstar Growth ETF Stock Up 2.6%

NYSEARCA:ILCG opened at $102.13 on Friday. The firm has a market capitalization of $2.89 billion, a PE ratio of 38.10 and a beta of 1.16. The stock’s 50-day simple moving average is $104.33 and its 200 day simple moving average is $103.32. iShares Morningstar Growth ETF has a twelve month low of $69.47 and a twelve month high of $109.22.

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.