Kaizen Financial Strategies Reduces Position in iShares Morningstar Mid-Cap Growth ETF $IMCG

Kaizen Financial Strategies decreased its holdings in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 11.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,113 shares of the company’s stock after selling 691 shares during the quarter. Kaizen Financial Strategies’ holdings in iShares Morningstar Mid-Cap Growth ETF were worth $410,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of IMCG. Nemes Rush Group LLC bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the first quarter worth approximately $26,000. Quaker Wealth Management LLC grew its position in 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 worth $27,000 after purchasing an additional 671 shares during the period. Compass Planning Associates Inc grew its position in iShares Morningstar Mid-Cap Growth ETF by 43.8% in 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 during the period. Concord Wealth Partners purchased a new stake in iShares Morningstar Mid-Cap Growth ETF during the 2nd quarter valued at $86,000. Finally, Parallel Advisors LLC raised its stake in iShares Morningstar Mid-Cap Growth ETF by 31.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,848 shares of the company’s stock valued at $148,000 after buying an additional 438 shares during the last quarter.

iShares Morningstar Mid-Cap Growth ETF Price Performance

IMCG stock opened at $81.96 on Thursday. iShares Morningstar Mid-Cap Growth ETF has a 1 year low of $61.65 and a 1 year high of $83.76. The company has a market cap of $3.13 billion, a P/E ratio of 28.77 and a beta of 1.12. The stock’s fifty day moving average price is $82.30 and its 200-day moving average price is $80.17.

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.