United Advisor Group LLC lifted its stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG – Free Report) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,115 shares of the company’s stock after buying an additional 727 shares during the period. United Advisor Group LLC owned about 0.05% of iShares Morningstar Mid-Cap Growth ETF worth $1,453,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC grew its position 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 period. Ameriprise Financial Inc. boosted its stake in shares of 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 in the last quarter. Elevation Capital Advisory LLC bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the 1st quarter worth about $8,733,000. PTM Wealth Management LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 1st quarter worth about $7,588,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Morningstar Mid-Cap Growth ETF by 13.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 726,769 shares of the company’s stock worth $51,913,000 after purchasing an additional 88,738 shares in the last quarter.
iShares Morningstar Mid-Cap Growth ETF Stock Down 1.8%
NYSEARCA:IMCG opened at $78.63 on Tuesday. The firm has a market cap of $3.00 billion, a PE ratio of 28.77 and a beta of 1.12. iShares Morningstar Mid-Cap Growth ETF has a 12 month low of $61.65 and a 12 month high of $83.76. The company’s 50-day moving average price is $82.15 and its two-hundred day moving average price is $80.40.
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.
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