Nova Wealth Management Inc. Buys 11,849 Shares of iShares Morningstar Mid-Cap Growth ETF $IMCG

Nova Wealth Management Inc. increased its stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 274.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 16,168 shares of the company’s stock after acquiring an additional 11,849 shares during the period. iShares Morningstar Mid-Cap Growth ETF comprises 1.0% of Nova Wealth Management Inc.’s holdings, making the stock its 25th largest position. Nova Wealth Management Inc.’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $1,297,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IMCG. Nemes Rush Group LLC bought a new position in iShares Morningstar Mid-Cap Growth ETF in the first quarter worth about $26,000. Compass Planning Associates Inc grew its holdings in iShares Morningstar Mid-Cap Growth ETF by 74.8% in the first quarter. Compass Planning Associates Inc now owns 500 shares of the company’s stock worth $36,000 after purchasing an additional 214 shares during the period. NBC Securities Inc. purchased a new stake in iShares Morningstar Mid-Cap Growth ETF in the first quarter worth about $51,000. Parallel Advisors LLC grew its holdings in iShares Morningstar Mid-Cap Growth ETF by 28.2% in the first quarter. Parallel Advisors LLC now owns 1,410 shares of the company’s stock worth $101,000 after purchasing an additional 310 shares during the period. Finally, Centaurus Financial Inc. purchased a new stake in iShares Morningstar Mid-Cap Growth ETF in the fourth quarter worth about $103,000.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

Shares of IMCG opened at $82.47 on Friday. The stock has a market cap of $2.90 billion, a PE ratio of 28.77 and a beta of 1.08. iShares Morningstar Mid-Cap Growth ETF has a fifty-two week low of $61.65 and a fifty-two week high of $83.26. The firm’s 50-day simple moving average is $81.40 and its two-hundred day simple moving average is $76.62.

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.