Modern Wealth Management LLC Invests $245,000 in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Modern Wealth Management LLC purchased a new stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,063 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 21.6% in the third quarter. FMR LLC now owns 11,341 shares of the company’s stock worth $828,000 after acquiring an additional 2,017 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth $366,000. Hilltop Holdings Inc. boosted its position in iShares Morningstar Mid-Cap Growth ETF by 6.0% in the 3rd quarter. Hilltop Holdings Inc. now owns 22,047 shares of the company’s stock valued at $1,609,000 after buying an additional 1,246 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in iShares Morningstar Mid-Cap Growth ETF by 3.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 20,626 shares of the company’s stock valued at $1,505,000 after buying an additional 705 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at $1,995,000.

iShares Morningstar Mid-Cap Growth ETF Stock Down 1.9 %

Shares of IMCG opened at $71.29 on Friday. The stock’s fifty day simple moving average is $76.33 and its 200-day simple moving average is $75.97. The firm has a market capitalization of $2.42 billion, a PE ratio of 26.48 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a 12-month low of $64.17 and a 12-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.