Verde Capital Management Grows Stake in iShares Morningstar Mid-Cap Growth ETF $IMCG

Verde Capital Management raised its stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 7.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,803 shares of the company’s stock after acquiring an additional 4,565 shares during the quarter. iShares Morningstar Mid-Cap Growth ETF makes up 1.3% of Verde Capital Management’s holdings, making the stock its 16th biggest position. Verde Capital Management’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $5,119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IMCG. LPL Financial LLC boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 69.1% in the first quarter. LPL Financial LLC now owns 2,011,284 shares of the company’s stock valued at $143,666,000 after acquiring an additional 821,692 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 31.2% during the 1st quarter. Ameriprise Financial Inc. now owns 1,828,545 shares of the company’s stock valued at $130,649,000 after buying an additional 434,630 shares in the last quarter. Elevation Capital Advisory LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 1st quarter valued at approximately $8,733,000. PTM Wealth Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 1st quarter valued at approximately $7,588,000. Finally, Silver Oak Wealth Advisors Services LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 4th quarter valued at approximately $7,670,000.

iShares Morningstar Mid-Cap Growth ETF Trading Down 0.9%

Shares of IMCG stock opened at $82.47 on Friday. The stock has a market capitalization of $2.90 billion, a P/E ratio of 28.77 and a beta of 1.08. The firm’s 50 day moving average is $81.40 and its 200 day moving average is $76.62. iShares Morningstar Mid-Cap Growth ETF has a 12 month low of $61.65 and a 12 month high of $83.26.

iShares Morningstar Mid-Cap Growth ETF Profile

The iShares Morningstar Mid-Cap Growth ETF (IMCG) is an exchange-traded fund that is based on the Morningstar US Mid Cap Broad Growth index. The fund tracks a market cap-weighted index of US mid-cap stocks companies selected based on their growth characteristics. IMCG was launched on Jun 28, 2004 and is managed by BlackRock.