Independent Wealth Network Inc. Buys New Position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Independent Wealth Network Inc. bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 2,781 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IMCG. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 3.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 721,817 shares of the company’s stock valued at $48,904,000 after acquiring an additional 23,442 shares during the period. Avior Wealth Management LLC boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 4.7% during the 3rd quarter. Avior Wealth Management LLC now owns 547,910 shares of the company’s stock valued at $39,969,000 after purchasing an additional 24,367 shares in the last quarter. Cornerstone Planning Group LLC increased its position in shares of iShares Morningstar Mid-Cap Growth ETF by 6.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 310,146 shares of the company’s stock valued at $22,982,000 after purchasing an additional 17,527 shares during the period. Rodgers & Associates LTD raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 4.2% in the 3rd quarter. Rodgers & Associates LTD now owns 219,935 shares of the company’s stock worth $16,049,000 after buying an additional 8,895 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 11.9% in the second quarter. Cetera Investment Advisers now owns 209,412 shares of the company’s stock valued at $14,188,000 after buying an additional 22,345 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.4 %

Shares of IMCG stock opened at $79.75 on Friday. The stock has a 50-day simple moving average of $78.16 and a 200 day simple moving average of $73.65. iShares Morningstar Mid-Cap Growth ETF has a fifty-two week low of $63.84 and a fifty-two week high of $81.68. The stock has a market capitalization of $2.30 billion, a P/E ratio of 27.60 and a beta of 1.13.

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.