Archer Investment Corp Buys 5,519 Shares of iShares Morningstar Growth ETF $ILCG

Archer Investment Corp raised its holdings in shares of iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 3,449.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,679 shares of the company’s stock after purchasing an additional 5,519 shares during the quarter. Archer Investment Corp’s holdings in iShares Morningstar Growth ETF were worth $542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Royal Bank of Canada lifted its position in shares of iShares Morningstar Growth ETF by 1.7% during the 1st quarter. Royal Bank of Canada now owns 84,928 shares of the company’s stock valued at $6,878,000 after buying an additional 1,444 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of iShares Morningstar Growth ETF by 11.5% during the first quarter. Goldman Sachs Group Inc. now owns 6,880 shares of the company’s stock valued at $557,000 after acquiring an additional 710 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of iShares Morningstar Growth ETF during the 2nd quarter valued at about $740,000. Brown Advisory Inc. purchased a new position in iShares Morningstar Growth ETF during the second quarter valued at $296,000. Finally, Cerity Partners LLC bought a new position in iShares Morningstar Growth ETF during the 2nd quarter valued at approximately $239,000.

iShares Morningstar Growth ETF Stock Performance

NYSEARCA:ILCG opened at $114.43 on Tuesday. The firm has a market cap of $3.18 billion, a P/E ratio of 38.10 and a beta of 1.22. iShares Morningstar Growth ETF has a fifty-two week low of $91.26 and a fifty-two week high of $120.57. The firm has a 50-day simple moving average of $115.47 and a two-hundred day simple moving average of $107.13.

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.