Independent Wealth Network Inc. Invests $210,000 in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Independent Wealth Network Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,781 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds have also bought and sold shares of the company. Rosenberg Matthew Hamilton acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 4th quarter worth approximately $34,000. Concord Wealth Partners bought a new stake in iShares Morningstar Mid-Cap Growth ETF during the third quarter valued at $75,000. M&R Capital Management Inc. increased its stake in iShares Morningstar Mid-Cap Growth ETF by 119.3% during the third quarter. M&R Capital Management Inc. now owns 1,092 shares of the company’s stock valued at $80,000 after purchasing an additional 594 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth $170,000. Finally, Ellis Investment Partners LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth about $202,000.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.4 %

Shares of NYSEARCA:IMCG opened at $79.75 on Friday. The company has a market cap of $2.30 billion, a PE ratio of 27.60 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a fifty-two week low of $63.84 and a fifty-two week high of $81.68. The firm has a 50-day simple moving average of $78.16 and a 200 day simple moving average of $73.65.

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.