Sovran Advisors LLC bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 38,101 shares of the company’s stock, valued at approximately $2,903,000.
A number of other institutional investors have also recently modified their holdings of the stock. Rosenberg Matthew Hamilton bought a new stake in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth about $34,000. Concord Wealth Partners bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth approximately $75,000. Pinnacle Bancorp Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 4th quarter worth approximately $170,000. Ellis Investment Partners LLC bought a new position in iShares Morningstar Mid-Cap Growth ETF in the third quarter valued at approximately $202,000. Finally, Stratos Wealth Partners LTD. acquired a new position in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter valued at approximately $205,000.
iShares Morningstar Mid-Cap Growth ETF Price Performance
NYSEARCA IMCG opened at $79.98 on Tuesday. iShares Morningstar Mid-Cap Growth ETF has a fifty-two week low of $64.17 and a fifty-two week high of $81.68. The business has a fifty day moving average price of $78.22 and a two-hundred day moving average price of $74.62. The stock has a market capitalization of $2.31 billion, a PE ratio of 27.60 and a beta of 1.13.
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.
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