Northwestern Mutual Wealth Management Co. Raises Stock Holdings in iShares Morningstar Mid-Cap Growth ETF $IMCG

Northwestern Mutual Wealth Management Co. boosted its holdings in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 256.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,873,288 shares of the company’s stock after purchasing an additional 2,068,305 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.07% of iShares Morningstar Mid-Cap Growth ETF worth $229,403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IMCG. Allegheny Financial Group raised its stake in iShares Morningstar Mid-Cap Growth ETF by 17.0% during the third quarter. Allegheny Financial Group now owns 149,820 shares of the company’s stock valued at $12,395,000 after buying an additional 21,765 shares in the last quarter. Eagle Strategies LLC raised its stake in iShares Morningstar Mid-Cap Growth ETF by 8.5% during the fourth quarter. Eagle Strategies LLC now owns 150,387 shares of the company’s stock valued at $12,007,000 after buying an additional 11,806 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in iShares Morningstar Mid-Cap Growth ETF by 2.0% during the third quarter. Cornerstone Planning Group LLC now owns 361,000 shares of the company’s stock valued at $29,432,000 after buying an additional 6,914 shares in the last quarter. Leo Wealth LLC acquired a new stake in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter valued at approximately $2,863,000. Finally, Marino Stram & Associates LLC raised its stake in iShares Morningstar Mid-Cap Growth ETF by 11.3% during the fourth quarter. Marino Stram & Associates LLC now owns 63,437 shares of the company’s stock valued at $5,065,000 after buying an additional 6,435 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Stock Down 1.6%

Shares of NYSEARCA IMCG opened at $89.33 on Friday. The stock’s 50 day moving average price is $83.84 and its two-hundred day moving average price is $82.49. iShares Morningstar Mid-Cap Growth ETF has a 52-week low of $75.43 and a 52-week high of $91.27. The stock has a market capitalization of $3.54 billion, a P/E ratio of 28.77 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.