27,070 Shares of iShares Morningstar Mid-Cap Growth ETF $IMCG Purchased by Rhodes Investment Advisors Inc. ADV

Rhodes Investment Advisors Inc. ADV bought a new stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 27,070 shares of the company’s stock, valued at approximately $2,542,000. iShares Morningstar Mid-Cap Growth ETF comprises approximately 1.8% of Rhodes Investment Advisors Inc. ADV’s portfolio, making the stock its 17th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Baer Investment Advisory LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the first quarter worth about $34,027,000. Arax Advisory Partners acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the fourth quarter valued at approximately $21,808,000. Beam Wealth Advisors Inc. increased its stake in iShares Morningstar Mid-Cap Growth ETF by 530.1% during the 1st quarter. Beam Wealth Advisors Inc. now owns 260,379 shares of the company’s stock worth $20,510,000 after buying an additional 219,053 shares during the period. LPL Financial LLC lifted its holdings in iShares Morningstar Mid-Cap Growth ETF by 7.0% during the 4th quarter. LPL Financial LLC now owns 2,448,326 shares of the company’s stock worth $195,474,000 after buying an additional 160,038 shares in the last quarter. Finally, Allegheny Financial Group boosted its position in iShares Morningstar Mid-Cap Growth ETF by 36.2% in the 1st quarter. Allegheny Financial Group now owns 220,414 shares of the company’s stock valued at $17,362,000 after buying an additional 58,639 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

Shares of iShares Morningstar Mid-Cap Growth ETF stock traded down $1.24 during trading hours on Wednesday, reaching $96.09. 121,975 shares of the company were exchanged, compared to its average volume of 127,519. The firm has a market cap of $4.11 billion, a PE ratio of 28.77 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a 1 year low of $75.67 and a 1 year high of $100.79. The stock’s fifty day moving average is $96.50 and its 200 day moving average is $92.59.

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.