Marmo Financial Group LLC Has $8.85 Million Position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Marmo Financial Group LLC lowered its stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 1.6% during the fourth quarter, Holdings Channel reports. The firm owned 117,110 shares of the company’s stock after selling 1,938 shares during the period. iShares Morningstar Mid-Cap Growth ETF makes up approximately 4.8% of Marmo Financial Group LLC’s investment portfolio, making the stock its 8th biggest position. Marmo Financial Group LLC’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $8,845,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rosenberg Matthew Hamilton bought a new stake in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth $34,000. Concord Wealth Partners bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the third quarter worth about $75,000. Pinnacle Bancorp Inc. bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth $170,000. Ellis Investment Partners LLC acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the third quarter worth $202,000. Finally, Independent Wealth Network Inc. bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at $210,000.

iShares Morningstar Mid-Cap Growth ETF Stock Down 0.6 %

NYSEARCA IMCG opened at $79.38 on Friday. The business’s fifty day moving average is $78.31 and its 200 day moving average is $74.10. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 27.60 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a twelve month low of $63.84 and a twelve month high of $81.68.

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.