Marmo Financial Group LLC Sells 70,130 Shares of iShares Morningstar Mid-Cap Growth ETF $IMCG

Marmo Financial Group LLC trimmed its holdings in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 62.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 41,439 shares of the company’s stock after selling 70,130 shares during the period. iShares Morningstar Mid-Cap Growth ETF makes up approximately 1.7% of Marmo Financial Group LLC’s holdings, making the stock its 17th largest position. Marmo Financial Group LLC’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $3,428,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC raised its stake in iShares Morningstar Mid-Cap Growth ETF by 40.3% during the first quarter. Jane Street Group LLC now owns 17,829 shares of the company’s stock valued at $1,274,000 after buying an additional 5,123 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of iShares Morningstar Mid-Cap Growth ETF by 10.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,526 shares of the company’s stock worth $466,000 after purchasing an additional 618 shares during the last quarter. Nova Wealth Management Inc. boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 274.3% in the 2nd quarter. Nova Wealth Management Inc. now owns 16,168 shares of the company’s stock worth $1,297,000 after purchasing an additional 11,849 shares in the last quarter. Verde Capital Management grew its position in iShares Morningstar Mid-Cap Growth ETF by 7.7% during the 2nd quarter. Verde Capital Management now owns 63,803 shares of the company’s stock valued at $5,119,000 after purchasing an additional 4,565 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in iShares Morningstar Mid-Cap Growth ETF by 31.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,848 shares of the company’s stock valued at $148,000 after purchasing an additional 438 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

Shares of NYSEARCA IMCG opened at $82.55 on Friday. The firm’s 50 day moving average price is $80.74 and its 200-day moving average price is $81.36. iShares Morningstar Mid-Cap Growth ETF has a 52-week low of $61.65 and a 52-week high of $83.76. The company has a market cap of $3.19 billion, a PE ratio of 28.77 and a beta of 1.12.

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.