Bouvel Investment Partners LLC Acquires New Position in iShares Morningstar Mid-Cap Growth ETF $IMCG

Bouvel Investment Partners LLC purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,668 shares of the company’s stock, valued at approximately $2,537,000. Bouvel Investment Partners LLC owned about 0.08% of iShares Morningstar Mid-Cap Growth ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in IMCG. Financial Consulate Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth approximately $25,000. Quaker Wealth Management LLC boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 200.3% in the 2nd quarter. Quaker Wealth Management LLC now owns 336 shares of the company’s stock valued at $27,000 after purchasing an additional 671 shares during the period. Russell Investments Group Ltd. increased its position in shares of iShares Morningstar Mid-Cap Growth ETF by 29.3% in the second quarter. Russell Investments Group Ltd. now owns 613 shares of the company’s stock worth $49,000 after acquiring an additional 139 shares in the last quarter. Compass Planning Associates Inc grew its position in iShares Morningstar Mid-Cap Growth ETF by 43.8% during the 2nd quarter. Compass Planning Associates Inc now owns 719 shares of the company’s stock worth $58,000 after purchasing an additional 219 shares in the last quarter. Finally, Concord Wealth Partners acquired a new position in iShares Morningstar Mid-Cap Growth ETF during the second quarter valued at $86,000.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

IMCG stock opened at $81.68 on Tuesday. The firm has a 50 day simple moving average of $80.74 and a 200 day simple moving average of $81.27. iShares Morningstar Mid-Cap Growth ETF has a 52 week low of $61.65 and a 52 week high of $83.76. The stock has a market cap of $3.16 billion, a P/E ratio of 28.77 and a beta of 1.12.

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.