Steele Capital Management Inc. acquired a new position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 205,084 shares of the company’s stock, valued at approximately $19,255,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IMCG. Kestra Advisory Services LLC increased its position in iShares Morningstar Mid-Cap Growth ETF by 5.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 73,029 shares of the company’s stock valued at $6,857,000 after purchasing an additional 3,529 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at about $51,481,000. Compass Financial Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth approximately $42,000. Nottingham Advisors Inc. purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth approximately $1,770,000. Finally, Certified Advisory Corp lifted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 14.6% in the 3rd quarter. Certified Advisory Corp now owns 127,302 shares of the company’s stock worth $11,952,000 after purchasing an additional 16,242 shares during the period.
iShares Morningstar Mid-Cap Growth ETF Stock Performance
NYSEARCA IMCG opened at $89.73 on Friday. The firm’s 50 day moving average price is $94.97 and its 200-day moving average price is $90.73. iShares Morningstar Mid-Cap Growth ETF has a 52-week low of $75.67 and a 52-week high of $100.79. The company has a market cap of $3.89 billion, a PE 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.
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