Cape Investment Advisory Inc. Lowers Stock Position in iShares Morningstar Growth ETF (NYSEARCA:ILCG)

Cape Investment Advisory Inc. decreased its position in iShares Morningstar Growth ETF (NYSEARCA:ILCG) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,465 shares of the company’s stock after selling 599 shares during the period. iShares Morningstar Growth ETF comprises 0.8% of Cape Investment Advisory Inc.’s investment portfolio, making the stock its 25th biggest position. Cape Investment Advisory Inc. owned approximately 0.08% of iShares Morningstar Growth ETF worth $2,013,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heritage Oak Wealth Advisors LLC purchased a new position in shares of iShares Morningstar Growth ETF in the 4th quarter valued at about $579,000. Kovack Advisors Inc. grew its holdings in iShares Morningstar Growth ETF by 3.1% in the fourth quarter. Kovack Advisors Inc. now owns 5,059 shares of the company’s stock valued at $453,000 after purchasing an additional 150 shares during the period. Bank of New York Mellon Corp increased its position in shares of iShares Morningstar Growth ETF by 61.3% in the fourth quarter. Bank of New York Mellon Corp now owns 26,918 shares of the company’s stock valued at $2,412,000 after buying an additional 10,225 shares in the last quarter. IFP Advisors Inc increased its position in shares of iShares Morningstar Growth ETF by 82.0% in the fourth quarter. IFP Advisors Inc now owns 8,201 shares of the company’s stock valued at $735,000 after buying an additional 3,696 shares in the last quarter. Finally, Sigma Planning Corp raised its stake in shares of iShares Morningstar Growth ETF by 3.6% during the 4th quarter. Sigma Planning Corp now owns 13,238 shares of the company’s stock worth $1,186,000 after buying an additional 465 shares during the period.

iShares Morningstar Growth ETF Price Performance

Shares of ILCG stock opened at $88.43 on Friday. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 38.76 and a beta of 1.24. The stock has a 50 day simple moving average of $91.48 and a 200-day simple moving average of $87.77. iShares Morningstar Growth ETF has a 1-year low of $70.48 and a 1-year high of $94.61.

About iShares Morningstar Growth ETF

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.