Eclectic Associates Inc. ADV Has $11.27 Million Stake in iShares Morningstar Mid-Cap Growth ETF $IMCG

Eclectic Associates Inc. ADV grew its position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 114.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 136,206 shares of the company’s stock after purchasing an additional 72,568 shares during the period. iShares Morningstar Mid-Cap Growth ETF makes up approximately 2.1% of Eclectic Associates Inc. ADV’s investment portfolio, making the stock its 16th largest holding. Eclectic Associates Inc. ADV owned 0.35% of iShares Morningstar Mid-Cap Growth ETF worth $11,268,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IMCG. Ameriprise Financial Inc. raised its position in iShares Morningstar Mid-Cap Growth ETF by 31.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,828,545 shares of the company’s stock valued at $130,649,000 after buying an additional 434,630 shares during the last quarter. Rockport Wealth LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 2nd quarter worth approximately $32,494,000. Fortitude Financial LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the second quarter valued at approximately $13,485,000. American Trust acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the second quarter valued at approximately $7,465,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 13.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 726,769 shares of the company’s stock worth $51,913,000 after purchasing an additional 88,738 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Trading Up 0.4%

Shares of IMCG opened at $79.90 on Friday. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 28.77 and a beta of 1.12. iShares Morningstar Mid-Cap Growth ETF has a 12 month low of $61.65 and a 12 month high of $83.76. The firm has a fifty day simple moving average of $81.08 and a 200 day simple moving average of $80.97.

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.