Synergy Investment Management LLC Buys New Stake in iShares Morningstar Growth ETF (NYSEARCA:ILCG)

Synergy Investment Management LLC purchased a new position in iShares Morningstar Growth ETF (NYSEARCA:ILCG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,565 shares of the company’s stock, valued at approximately $140,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Strategic Financial Concepts LLC grew its position in iShares Morningstar Growth ETF by 8,239.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 838,896 shares of the company’s stock worth $75,165,000 after purchasing an additional 828,837 shares during the last quarter. JPMorgan Chase & Co. grew its position in iShares Morningstar Growth ETF by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 301,665 shares of the company’s stock worth $25,352,000 after purchasing an additional 15,527 shares during the last quarter. MML Investors Services LLC grew its position in iShares Morningstar Growth ETF by 6.6% in the 3rd quarter. MML Investors Services LLC now owns 270,194 shares of the company’s stock worth $22,707,000 after purchasing an additional 16,837 shares during the last quarter. LongView Wealth Management grew its position in iShares Morningstar Growth ETF by 3.8% in the 4th quarter. LongView Wealth Management now owns 142,676 shares of the company’s stock worth $12,784,000 after purchasing an additional 5,266 shares during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its position in shares of iShares Morningstar Growth ETF by 0.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 120,602 shares of the company’s stock valued at $10,806,000 after acquiring an additional 502 shares in the last quarter.

iShares Morningstar Growth ETF Stock Performance

Shares of iShares Morningstar Growth ETF stock opened at $85.64 on Wednesday. The firm’s 50-day simple moving average is $91.22 and its 200-day simple moving average is $87.90. iShares Morningstar Growth ETF has a twelve month low of $70.48 and a twelve month high of $94.61. The firm has a market cap of $2.39 billion, a P/E ratio of 38.76 and a beta of 1.24.

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.