iShares Morningstar Mid-Cap Growth ETF $IMCG Position Reduced by PFG Advisors

PFG Advisors trimmed its position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 74.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,948 shares of the company’s stock after selling 28,512 shares during the period. PFG Advisors’ holdings in iShares Morningstar Mid-Cap Growth ETF were worth $794,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. grew its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 3.1% in the 3rd quarter. Raymond James Financial Inc. now owns 1,003,177 shares of the company’s stock worth $82,993,000 after purchasing an additional 30,585 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in iShares Morningstar Mid-Cap Growth ETF by 3.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 804,983 shares of the company’s stock valued at $66,596,000 after buying an additional 23,205 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in iShares Morningstar Mid-Cap Growth ETF by 1.6% during the third quarter. Commonwealth Equity Services LLC now owns 623,801 shares of the company’s stock valued at $51,607,000 after buying an additional 10,057 shares in the last quarter. UBS Group AG boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 5.8% in the third quarter. UBS Group AG now owns 464,745 shares of the company’s stock worth $38,448,000 after buying an additional 25,643 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 50.3% in the third quarter. Bank of America Corp DE now owns 452,420 shares of the company’s stock worth $37,429,000 after buying an additional 151,487 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Price Performance

iShares Morningstar Mid-Cap Growth ETF stock opened at $87.32 on Friday. iShares Morningstar Mid-Cap Growth ETF has a fifty-two week low of $69.57 and a fifty-two week high of $88.55. The firm’s 50 day simple moving average is $82.28 and its 200-day simple moving average is $81.85. The company has a market cap of $3.45 billion, a P/E ratio of 28.77 and a beta of 1.13.

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.