Independent Financial Group LLC Makes New $1.19 Million Investment in iShares Morningstar Mid-Cap Growth ETF $IMCG

Independent Financial Group LLC bought a new position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 15,042 shares of the company’s stock, valued at approximately $1,185,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Godfrey Financial Associates Inc. purchased a new position in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth about $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at about $29,000. Dagco Inc. bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 4th quarter worth approximately $30,000. Windsor Advisory Group LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth approximately $31,000. Finally, Richards Merrill & Peterson Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 4th quarter worth approximately $41,000.

iShares Morningstar Mid-Cap Growth ETF Stock Down 0.5%

IMCG stock opened at $94.72 on Tuesday. The firm has a market cap of $3.87 billion, a PE ratio of 28.77 and a beta of 1.12. The business has a 50 day moving average of $94.51 and a 200-day moving average of $87.06. iShares Morningstar Mid-Cap Growth ETF has a 12-month low of $75.67 and a 12-month high of $98.83.

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.