Verdence Capital Advisors LLC bought a new stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,845 shares of the company’s stock, valued at approximately $924,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the third quarter valued at approximately $48,000. Triumph Capital Management purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth $95,000. NBT Bank N A NY lifted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 1,965.0% during the 1st quarter. NBT Bank N A NY now owns 1,652 shares of the company’s stock worth $130,000 after purchasing an additional 1,572 shares during the period. Western Wealth Management LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the first quarter worth $156,000. Finally, Nvest Financial LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the second quarter worth $203,000.
iShares Morningstar Mid-Cap Growth ETF Stock Up 0.5%
Shares of NYSEARCA:IMCG opened at $95.64 on Friday. The company has a market cap of $4.12 billion, a P/E ratio of 28.77 and a beta of 1.13. The business has a fifty day simple moving average of $95.47 and a 200-day simple moving average of $90.49. iShares Morningstar Mid-Cap Growth ETF has a 52 week low of $75.67 and a 52 week high of $100.79.
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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