Steele Capital Management Inc. Sells 4,141 Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Steele Capital Management Inc. reduced its holdings in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 2.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 165,467 shares of the company’s stock after selling 4,141 shares during the quarter. Steele Capital Management Inc.’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $11,695,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IMCG. M&R Capital Management Inc. lifted its holdings in iShares Morningstar Mid-Cap Growth ETF by 253.0% during the 1st quarter. M&R Capital Management Inc. now owns 406 shares of the company’s stock worth $29,000 after purchasing an additional 291 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in iShares Morningstar Mid-Cap Growth ETF by 300.7% during the 1st quarter. Sunbelt Securities Inc. now owns 1,098 shares of the company’s stock worth $78,000 after purchasing an additional 824 shares during the last quarter. Private Trust Co. NA lifted its holdings in iShares Morningstar Mid-Cap Growth ETF by 18.1% during the 4th quarter. Private Trust Co. NA now owns 2,770 shares of the company’s stock worth $179,000 after purchasing an additional 425 shares during the last quarter. Evanson Asset Management LLC acquired a new stake in iShares Morningstar Mid-Cap Growth ETF during the 1st quarter worth approximately $212,000. Finally, Strategic Advocates LLC acquired a new stake in iShares Morningstar Mid-Cap Growth ETF during the 4th quarter worth approximately $209,000.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

NYSEARCA:IMCG traded down $0.56 during mid-day trading on Monday, hitting $67.19. 112,693 shares of the stock were exchanged, compared to its average volume of 140,090. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 27.60 and a beta of 1.13. The firm’s 50-day simple moving average is $67.97 and its 200 day simple moving average is $67.07. iShares Morningstar Mid-Cap Growth ETF has a fifty-two week low of $53.01 and a fifty-two week high of $70.85.

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.