IFG Advisory LLC Makes New $469,000 Investment in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

IFG Advisory LLC purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,929 shares of the company’s stock, valued at approximately $469,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IMCG. M&R Capital Management Inc. grew its stake 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 in the last quarter. WASHINGTON TRUST Co purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 1st quarter valued at about $45,000. Concord Wealth Partners acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the first quarter worth about $69,000. Sunbelt Securities Inc. increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 300.7% during the first quarter. Sunbelt Securities Inc. now owns 1,098 shares of the company’s stock worth $78,000 after buying an additional 824 shares during the period. Finally, Beacon Capital Management LLC acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the first quarter valued at approximately $109,000.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.8 %

Shares of iShares Morningstar Mid-Cap Growth ETF stock opened at $71.09 on Monday. iShares Morningstar Mid-Cap Growth ETF has a 52-week low of $53.01 and a 52-week high of $71.25. The company has a market capitalization of $2.05 billion, a P/E ratio of 27.60 and a beta of 1.13. The company has a 50 day moving average of $68.55 and a 200 day moving average of $68.41.

iShares Morningstar Mid-Cap Growth ETF 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.