GGM Financials LLC Buys New Stake in iShares Morningstar Mid-Cap Growth ETF $IMCG

GGM Financials LLC bought a new stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) during the second quarter, Holdings Channel reports. The firm bought 53,862 shares of the company’s stock, valued at approximately $4,321,000. iShares Morningstar Mid-Cap Growth ETF makes up about 0.9% of GGM Financials LLC’s portfolio, making the stock its 25th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 69.1% in the 1st quarter. LPL Financial LLC now owns 2,011,284 shares of the company’s stock valued at $143,666,000 after purchasing an additional 821,692 shares during the period. Ameriprise Financial Inc. boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 31.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,828,545 shares of the company’s stock valued at $130,649,000 after purchasing an additional 434,630 shares during the period. Raymond James Financial Inc. boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 4.3% in the 1st quarter. Raymond James Financial Inc. now owns 942,937 shares of the company’s stock valued at $67,354,000 after purchasing an additional 39,160 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 13.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 726,769 shares of the company’s stock valued at $51,913,000 after purchasing an additional 88,738 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 3.6% in the 2nd quarter. Avior Wealth Management LLC now owns 635,237 shares of the company’s stock valued at $50,965,000 after purchasing an additional 22,204 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Price Performance

Shares of iShares Morningstar Mid-Cap Growth ETF stock opened at $83.68 on Tuesday. iShares Morningstar Mid-Cap Growth ETF has a fifty-two week low of $61.65 and a fifty-two week high of $83.76. The firm has a fifty day moving average price of $82.23 and a two-hundred day moving average price of $79.07. The company has a market cap of $3.19 billion, a PE ratio of 28.77 and a beta of 1.12.

iShares Morningstar Mid-Cap Growth ETF Company 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.