MLP3 LLC Buys Shares of 8,309 iShares Morningstar Mid-Cap Growth ETF $IMCG

MLP3 LLC bought a new stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,309 shares of the company’s stock, valued at approximately $663,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in 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 purchasing an additional 2,068,305 shares during the period. LPL Financial LLC raised its position in iShares Morningstar Mid-Cap Growth ETF by 7.0% in the fourth quarter. LPL Financial LLC now owns 2,448,326 shares of the company’s stock valued at $195,474,000 after purchasing an additional 160,038 shares during the period. Morgan Stanley raised its position in iShares Morningstar Mid-Cap Growth ETF by 10.0% in the fourth quarter. Morgan Stanley now owns 1,149,360 shares of the company’s stock valued at $91,765,000 after purchasing an additional 104,588 shares during the period. Raymond James Financial Inc. raised its position in iShares Morningstar Mid-Cap Growth ETF by 3.1% in the third quarter. Raymond James Financial Inc. now owns 1,003,177 shares of the company’s stock valued at $82,993,000 after purchasing an additional 30,585 shares during the period. Finally, UBS Group AG raised its position in iShares Morningstar Mid-Cap Growth ETF by 5.8% in the third quarter. UBS Group AG now owns 464,745 shares of the company’s stock valued at $38,448,000 after purchasing an additional 25,643 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Price Performance

Shares of NYSEARCA IMCG opened at $94.57 on Monday. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 28.77 and a beta of 1.14. iShares Morningstar Mid-Cap Growth ETF has a 52-week low of $75.67 and a 52-week high of $96.49. The business’s 50 day moving average is $88.91 and its two-hundred day moving average is $84.16.

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.