Denver Wealth Management Inc. Buys 5,390 Shares of iShares Morningstar Mid-Cap Growth ETF $IMCG

Denver Wealth Management Inc. increased its holdings in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,081 shares of the company’s stock after acquiring an additional 5,390 shares during the quarter. iShares Morningstar Mid-Cap Growth ETF makes up about 1.5% of Denver Wealth Management Inc.’s holdings, making the stock its 12th largest position. Denver Wealth Management Inc.’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $4,238,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in IMCG. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 256.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,873,288 shares of the company’s stock valued at $229,403,000 after buying an additional 2,068,305 shares during the period. LPL Financial LLC boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 7.0% in the 4th quarter. LPL Financial LLC now owns 2,448,326 shares of the company’s stock worth $195,474,000 after purchasing an additional 160,038 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 50.3% in the 3rd quarter. Bank of America Corp DE now owns 452,420 shares of the company’s stock worth $37,429,000 after purchasing an additional 151,487 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth about $5,975,000. Finally, Vestmark Advisory Solutions Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth about $5,891,000.

iShares Morningstar Mid-Cap Growth ETF Trading Up 0.8%

IMCG opened at $94.57 on Friday. The stock has a 50-day moving average price of $88.91 and a 200-day moving average price of $84.12. iShares Morningstar Mid-Cap Growth ETF has a 12-month low of $75.67 and a 12-month high of $96.49. The stock has a market capitalization of $3.74 billion, a P/E ratio of 28.77 and a beta of 1.14.

About iShares Morningstar Mid-Cap Growth ETF

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.